Thrilling Update: $MOVE Short Liquidation Sparks Opportunity!
A massive short liquidation worth $12.458K occurred at the price of $1.00578.
This indicates a potential market movement where bulls might gain momentum.
Let’s dive into the possible strategy for
making the most out of this opportunity.
What’s Next?
The liquidation shows strong buying interest at the $1.00578 level. Buyers are stepping in, and we could see a trend reversal or continuation. Here's how to act smartly:
Buy Zone
Entry Range: $1.003 - $1.006
This range represents a good area to accumulate positions as buyers have already shown interest here.
Target Levels
1. First Target (T1): $1.015
A small, safe profit zone where you can book partial profits.
2. Second Target (T2): $1.025
A higher level to aim for if momentum continues.
3. Extended Target (T3): $1.040
Only hold for this if market strength is confirmed.
Stop Loss
Suggested SL: $0.995
This keeps your risk minimal in case the market moves against your position. Always protect your capital.
Trading Tips
1. Risk Management: Only risk 1-2% of your capital on this trade.
2. Watch Market Sentiment: Monitor volumes and other liquidations. If buying pressure increases, the targets may be reached quickly.
3. Avoid Overtrading: Stick to your plan and avoid chasing the price outside the buy zone.
Final Words
The $12.458K liquidation hints at an opportunity, but remember to trade cautiously. Always stick to your strategy and avoid emotional decisions. Happy trading!
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