$STBL just saw a $2.52K liquidation, which means some overleveraged positions were wiped out during the recent pullback. š¬
The price is now in a consolidation phase, so it's a critical moment for the bulls. š
Here's the breakdown:
* Key Support: Look for the $0.438 - $0.442 zone to hold. If it does, we could see a rebound.
* Resistance: Watch the $0.452 and $0.461 levels. A break above $0.452 could lead to a push towards $0.461. š
* Downside Risk: A drop below $0.438 could bring more selling pressure.
Potential Trade Setup:
* Entry Zone: $0.440 - $0.443
* Targets: $0.452 and $0.461 šÆ
* Stop Loss: Below $0.436 š”ļø
With the leverage flushed out, the path is clearer.
Now, it's up to the buyers to defend that support and trigger a rebound! šŖ#BinanceHODLerXPL
STBLUSDT
Perp
0.05921
+0.39%