$BLZ Short Liquidation: $42K at $0.0607

šŸšØ Market Update:

Liquidation Type: Short

Liquidation Value: $42,000

Liquidation Price: $0.0607

šŸ’¹ Market Insight:

$BLZ has just experienced a significant short liquidation at $0.0607, signaling a strong buying pressure as shorts get squeezed.

This presents a potential breakout opportunity, with upward momentum expected as the liquidations unwind.

šŸ”„ Whatā€™s Next?

Buy Zone: Look to enter between $0.0600 and $0.0620, where price action might stabilize and accumulate for a potential move higher.

Target 1: Set an initial target at $0.0650, offering a 7% potential upside.

Target 2: If bullish momentum continues, aim for $0.0700, a key resistance area for further gains.

Stop Loss: Place your stop-loss at $0.0575 to protect against a reversal.

šŸ’„ Key Levels to Watch:

Support Zone: $0.0600 will be a critical level. A successful bounce here could signal the continuation of the upward trend.

Resistance Zone: $0.0650 is the first resistance to break through, followed by $0.0700, where a potential profit-taking zone could emerge.

šŸ”” Pro Tips:

1. Volume Check: Look for increasing volume around $0.0600 to confirm the strength of the upward movement.

2. Profit Strategy: Take partial profits at $0.0650 and adjust your stop-loss as $BLZ approaches $0.0700 for optimal risk-reward management.

3. Market Sentiment: Keep an eye on the broader altcoin market, as $BLZā€™s movements can often align with the general market sentiment.

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