$XRP Short Liquidation: $10.514K at $2.2866
šØ Market Alert:
Liquidation Type: Short
Liquidation Value: $10,514
Liquidation Price: $2.2866
š¹ Market Insight:
XRP has experienced a significant short liquidation at $2.2866, which could indicate strong bullish momentum. This could present an opportunity for long traders to capitalize on further upward movement, especially if the trend continues to gain momentum.
š„ Whatās Next?
Buy Zone: Consider entering between $2.25 and $2.30, where support may build after the liquidation.
Target 1: Aim for $2.45, a psychological resistance level with potential upside.
Target 2: If bullish momentum holds, target $2.55, where further resistance could appear.
Stop Loss: Set your stop-loss at $2.20 to protect against a sudden reversal.
š„ Key Levels to Watch:
Support Zone: $2.25 is critical. A bounce from this level could indicate the continuation of the uptrend.
Resistance Zone: $2.45 needs to be cleared for the next leg up, with $2.55 as the next major target.
š Pro Tips:
1. Volume Confirmation: Keep an eye on rising buy volume around $2.30 to validate further upward momentum.
2. Profit Strategy: Lock in partial profits at $2.45 and move your stop-loss higher as the price approaches $2.55.
3. Market Sentiment: Track news and developments related to XRP and its legal case, as they can significantly impact the price action.