🚨 ALERT! $6.56K LONG LIQUIDATION JUST HIT $SWELL 🚨
The price has hit $0.03436, causing a major liquidation wave! This could be the start of a new opportunity or a trap for the unwary. Here’s what could happen next:
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What’s Next?
Liquidations like these can drive the price lower temporarily, often followed by a bounce. Let’s break it down:
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Buy Zone:
Look to buy between $0.0305 - $0.0320 (Strong support and accumulation zone).
Wait for price stabilization or bullish confirmation before entering!
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Target Zones (Take Profit):
1. Target 1: $0.0355 (Short-term recovery target).
2. Target 2: $0.0380 (If momentum picks up).
3. Target 3: $0.0410 (Aggressive target if bullish trend develops).
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Stop-Loss:
Place your stop-loss at $0.0295 to protect your capital if support fails.
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Key Insights:
1. Volume Watch: A volume spike could signal a reversal—stay sharp!
2. Momentum Check: If $SWELL fails to break $0.0355, consider it a weak bounce.
3. Market Sentiment: Monitor BTC and ETH movements for overall market direction.
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🔥 Pro Tip: High volatility = high risk! Keep emotions in check and trade with discipline.
Will you jump into this opportunity or wait for more clarity? 🚀 Share your strategy below!
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