$STABLE Long Liquidation: $5.5666K at $0.01666
A $5.56K long liquidation at $0.01666 shows buyers attempted to hold support but failed to absorb sell pressure. The forced exit of leveraged longs flips this region into short-term supply, where trapped buyers will likely sell into small bounces, reinforcing bearish continuation.
Next Move
As long as price remains below $0.01664–$0.01672, failed longs may continue exiting on every bounce, keeping downside momentum active.
Targets
Bearish Follow-Through Levels
TG1: $0.01645
TG2: $0.01621
TG3: $0.01589
Pro Tip
Avoid shorting after sharp breakdowns. The cleaner setup forms on a bounce back into $0.01664–$0.01672. If the reclaim fails, the rejection provides a high-probability continuation entry with controlled risk and clear downside room.
