Longs got caught right under resistance and paid the price.
This tells us buyers were trying to front-run a breakout around $0.065, but the move lacked follow-through. Instead of continuation, the market used that liquidity to trigger a clean flush.
Not a massive liquidation, but enough to show upside is getting sold into, not chased yet.
Trade Setup (Rejection Bias):
Entry (EP): $0.0640 – $0.0650
Stop Loss (SL): $0.0668
Take Profit (TP):
TP1: $0.0620
TP2: $0.0600
TP3: $0.0575
Read the move:
Fail to hold $0.064 = weakness stays
Break $0.062 = continuation down
Reclaim $0.067 = trap → bullish invalidation
This isn’t panic selling… it’s a failed breakout attempt getting punished.
#AIOT #CryptoTrading #Liquidation #PriceAction #ShortSetup $AIOT
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