This pullback is healthy because it forces late longs and aggressive shorts to reset. When price runs too fast, it needs to breathe, and that’s exactly what this $ANIME short liquidation at $0.00892 looks like — a cleanup, not a reversal.

I’m watching this area closely because after the liquidation, price didn’t collapse. Instead, it slowed down and started holding structure. That usually tells me they’re building strength below the surface, letting liquidity do its work before the next move.

Why this zone is strong

This level lines up with a previous support range that acted as a launch point earlier.

It also sits near a mid-range retracement of the last impulse, a zone where price has already reacted cleanly.

Multiple candles have shown defensive wicks and tight closes here, signaling buyer presence and absorption.

As long as price respects this area, the structure stays constructive.

Trade Setup I’m watching

Entry Zone: $0.0086 – $0.0090

Target 1: $0.0098

Target 2: $0.0107

Stop Loss: $0.0082

If this level holds, I’m expecting a controlled push higher first, followed by momentum once overhead liquidity is cleared. I’m staying patient here — if this level holds, continuation remains the higher-probability play.