$OP A long liquidation occurs when traders who bet on a price increase long positions are forced to close their positions due to a price drop. In this case, a liquidation of $2.0109K at $1.86073 signals selling pressure. Let’s analyze the situation.
Current Scenario.
Liquidation Level: $1.86073
Market Sentiment: Bearish short term due to liquidations.
Key Support Zone: $1.85 - $1.80 if this range breaks, further downside is possible.
Technical Analysis for.
1. Buy Zone.
Safe entry: $1.78 - $1.85
Aggressive entry: $1.70 - $1.75 if the price drops further.
2. Targets.
Target 1: $1.95
Target 2: $2.05
Target 3: $2.20 if the trend reverses strongly.
3. Stop Loss.
Conservative traders: $1.75
Aggressive traders: $1.70
Strategy.
1. For Short Term Traders:
Watch for price consolidation near $1.80-$1.85.
Enter at the buy zone with a tight stop loss below $1.75.
Take profits at the mentioned target levels.
2. For Long Term Investors.
If the price falls below $1.75, wait for stronger support around $1.60.
Accumulate gradually if $OP shows recovery above $2.00.
Key Levels to Monitor.
Support Levels: $1.80, $1.75, $1.60
Resistance Levels: $1.95, $2.05, $2.20
Tips.
Use smaller positions during high volatility.
Keep an eye on overall market trends BTC and ETH price movements.
Monitor liquidation reports and trading volume closely for better insights.
Let me know if you need more details.
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