$BAT The short liquidation for occurred at $0.3005, with a significant liquidation volume of $4.5255K. This indicates that a lot of traders betting on the price going down (short positions) had to close their trades as the price went against them, pushing the market upwards.

What’s Happening.

Short liquidations often signal a potential price reversal or momentum shift. In this case, the massive short squeeze could push the price higher.

The market sentiment could turn bullish, as traders who were shorting may have to buy back their positions, increasing demand and pushing the price further up.

Potential Buy Zone.

Based on current price movements and market structure, consider a buy zone around $0.28 to $0.30. This is because.

The price could retrace back after the liquidation spike, offering a good entry.

If the price holds above $0.28, it could signal strength and potential for a further upward move.

Target Levels.

If the price gains momentum, here are some key target levels to look for.

$0.35 (first resistance level).

$0.40 (next significant resistance).

$0.45 (longer-term target if the trend continues upwards).

Stop Loss.

To manage risk, consider placing a stop-loss below the recent support around $0.25 or $0.24. This will help limit potential losses if the market turns against you.

Summary.

Buy Zone: $0.28 - $0.30

Target: $0.35, $0.40, $0.45

Stop Loss: $0.24

As always, trade carefully, keep an eye on market news, and adjust your positions accordingly.

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