🚨 $1000 SHIB Long Liquidation: $9.2584K at $0.02054
Traders, SHIB is heating up after this significant liquidation event! This could indicate a shift in the market sentiment. Let’s break it down with a potential strategy:
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Buy Zone
💰 Entry Range: $0.00001850 to $0.00001920
Wait for price action to stabilize in this zone.
Look for volume and support confirmation before entering.
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Target Levels
🎯 Short-Term Target: $0.00002050
🎯 Mid-Term Target: $0.00002200
🎯 Long-Term Target: $0.00002450
Monitor momentum carefully and book partial profits as each target is achieved.
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Stop Loss
❌ Risk Management: $0.00001780
Keep a tight stop loss to protect your capital if the trend reverses.
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Market Outlook
The long liquidation at $0.02054 may have flushed out weak hands, paving the way for stronger buyers. If SHIB reclaims its support levels and maintains higher lows, a bullish trend could follow.
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Tips:
1. Watch volume spikes and RSI levels to avoid fake breakouts.
2. Follow market news as SHIB’s ecosystem development could influence price action.
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Remember, patience and discipline are key in volatile markets. Trade safe and stick to your plan!
