$IO Long Liquidation Alert
Value: $13,143
Liquidation Price: $3.07042
Analysis:
A significant long liquidation at $3.07042 signals bearish pressure on IO.
Sellers are currently in control, pushing prices lower as long traders are forced to exit.
Key Levels:
• Support: $3.0500 — If price holds here, a short-term bounce is possible.
• Resistance: $3.1000 — A break above this level could trigger bullish momentum.
Next Move:
• Buy Entry: Consider buying near $3.0550 if the price holds above support. Aim for a rebound toward $3.1000.
• Sell Entry: If price drops below $3.0500, short positions can be taken targeting $3.0200.
Always use stop-loss orders to manage risks.
Monitor the volume closely to confirm the direction of the next move.
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