Corrections like this are healthy because they allow price to reset after volatility, clear overleveraged positions, and establish a more reliable base. Without these pullbacks, moves become unstable and easier to fade. This pause is where real positioning starts to happen.

$XPIN Short Liquidation: $1.7366K at $0.00273

I’m watching this zone closely because price is returning to an area that previously acted as a strong demand base. This level was a clear support during the last consolidation, and each time price dipped into it, buyers reacted quickly. Now price is back here, and they’re building strength instead of capitulating, which is exactly what I want to see during a correction.

From a technical angle, this zone overlaps with a key retracement of the previous impulse and a high-reaction area where volume stepped in aggressively. The market already showed respect for this level before, and that makes it significant again. If this level holds, shorts sitting above become vulnerable and liquidation pressure can expand fast.

Trade Setup

Entry Zone: $0.00265 – $0.00274

Target 1: $0.00295

Target 2: $0.00320

Stop Loss: $0.00252

I’m watching price behavior inside the entry range. If this level holds and buyers keep absorbing sell pressure, the setup stays valid. They’re building strength here, and any clean push upward can quickly force shorts to unwind.