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The market just saw a huge long liquidation of $9.47K at $25.59.
This means a whale or multiple traders got wiped out, as the price crashed to hit their stop losses and margin calls. With such liquidations, volatility could spike further, leading to either a sharp recovery or deeper corrections.
What This Means:
Liquidation Chain Reaction. If more longs are overleveraged, we could see another wave of liquidations, dragging prices lower.
Bounce Back. If buyers step in aggressively, we might witness a strong recovery rally.
Key Levels to Watch: Support Zone: If selling pressure continues, the next major support could be around $24.50 - $25.00. Resistance Zone: If bulls regain control, expect a possible push back toward $27.00 - $28.50.
Stay sharp, watch for volume spikes, and trade smart.
What’s your move. Buying the dip or waiting for confirmation.
$XRP The crypto market has just witnessed an XRP short liquidation worth $9.4981K at a price level of $2.1195 This liquidation event signals a significant price movement and could be a critical turning point for XRP traders.
What Does This Mean.
A short liquidation happens when traders betting against the price (short sellers) are forced to close their positions as the price rises unexpectedly. This often triggers a cascade of buy orders, driving the price up even further.
Why is This Important.
1. Price Action: XRP hitting $2.1261 is a significant level, indicating strong bullish momentum.
2. Market Sentiment: Liquidations like this suggest many traders were caught off guard by the surge, potentially fueling further upward momentum as shorts exit their positions.
3. Potential Breakout: If XRP maintains this upward trajectory, we could see it challenging new resistance levels soon.
Key Levels to Watch for $XRP
Support Zone: $1.90 - $2.00 (if the price retraces)
Buy Zone: Look for pullbacks near $2.00 for potential entries.
Stop Loss: Place below $1.85 to manage risk.
Target Levels: $2.30, $2.50, and $2.75 in case of sustained bullish momentum.
Trade Smart, Stay Informed.
The recent liquidation highlights the importance of risk management and staying updated with market trends. $XRP journey to $2+ shows a promising bullish outlook, but remember, the crypto market is highly volatile.
$ASTER The long liquidation at $0.892 shows trapped buyers and a breakdown of short-term support. This increases the probability of further downside or a deeper pullback unless price quickly reclaims the liquidation zone with strong volume.
Entry Price (Short): $0.885 – $0.900
Target: $0.840 – $0.810
Stop Loss: $0.925
Bearish bias remains below $0.89; a strong recovery above $0.925 invalidates the setup.
$ETH strong short liquidation around $3,128.91 signals bearish positions getting squeezed, which often fuels upward momentum. If ETH holds above this level, buyers may push price toward higher resistance zones. Volume continuation will be key for follow-through.
Entry Price (Long): $3,120 – $3,150
Target: $3,220 – $3,300
Stop Loss: $3,050
Bullish bias above $3,130; a sustained drop below $3,050 invalidates the setup.
$IRYS The short liquidation at $0.03234 indicates bears were squeezed, suggesting short-term bullish momentum. If price holds above this zone, continuation toward higher resistance levels is likely. Watch volume for confirmation.
Entry Price (Long): $0.0322 – $0.0326
Target: $0.0345 – $0.0360
Stop Loss: $0.0312
Bullish bias above $0.0323; a drop below $0.0312 invalidates the setup.
$PHA The long liquidation at $0.03889 shows trapped buyers and weakening bullish structure. This usually opens room for further downside toward lower support levels unless price quickly reclaims and holds above the liquidation zone.
$CELR The long liquidation at $0.003846 indicates trapped longs and fading bullish momentum. This often leads to further downside or a support retest unless price quickly reclaims the liquidation zone with strong volume.
Entry Price (Short): $0.00382 – $0.00388
Target: $0.00360 – $0.00345
Stop Loss: $0.00400
Bearish bias below $0.00385; a sustained move above $0.00400 invalidates the setup.
$PIEVERSE The long liquidation at $0.3617 signals trapped buyers and weakening bullish momentum. This often leads to continued downside or a deeper pullback toward lower support unless price quickly reclaims the liquidation level.
Entry Price (Short): $0.358 – $0.365
Target: $0.335 – $0.320
Stop Loss: $0.375
Bearish bias below $0.36; a strong move above $0.375 invalidates this setup.
$0G The long liquidation at $0.896 shows buyers got trapped, signaling short-term weakness. Price rejection from this level suggests sellers are in control and a further dip toward lower support is possible unless $0.90 is quickly reclaimed.
Entry Price (Short): $0.89 – $0.90
Target: $0.84 – $0.81
Stop Loss: $0.93
Bias remains bearish below $0.90; recovery above $0.93 would invalidate the setup.
$BEAT A long liquidation at $2.7944 indicates weak buyer support and forced sell-offs. This usually opens room for further downside or at least a retest of lower support levels. Bias remains bearish unless price quickly reclaims the liquidation zone.
$SOL A short liquidation near $133.98 shows bears getting squeezed, which often leads to a short-term bullish push. Price holding above this level suggests buyers are in control. Momentum favors an upside continuation if volume supports.
$BANANAS31 The market experienced a notable short squeeze around $0.003987, indicating strong short-covering pressure. Price action suggests a potential retracement or continuation depending on volume confirmation. Watch for resistance near recent highs and support at prior consolidation zones.
Entry Price: $0.003980 – $0.003995 (depending on confirmation of trend continuation)
Target: $0.004120 – $0.004200 (initial target based on momentum)
Stop Loss: $0.003950 (below recent support to limit risk)
$BTC recently triggered a short liquidation around $89,300, indicating strong bullish pressure in this zone. Sellers were forced to cover positions, which could push $BTC slightly higher in the short term. However, resistance remains near $90,000, and any rejection from this level could create another shorting opportunity.
Suggested Entry Price: $89,300 – $89,500 (for potential pullback shorts) Target: $87,500 – $87,800 (first support zone) Stop Loss: $90,200 (above immediate resistance to avoid being caught in a bullish breakout)
Summary: Watch for consolidation around $89.3K–$89.5K. If $BTC fails to break above $90K, the downside could be tested again.
Short liquidation at $0.3517 shows shorts were forced to close, which often gives short-term bullish momentum. If price holds above this level, upside continuation is likely.
Entry (Long): $0.350 – $0.353 Targets:
T1: $0.368
T2: $0.385
T3: $0.405
Stop Loss: $0.338 (below liquidation zone & intraday support)
Bias: Bullish above $0.348. A strong break and hold above $0.36 can accelerate the move toward higher targets. Always manage risk properly.
Long liquidation at $0.33398 indicates buyers got trapped near resistance and price faced rejection. This usually brings short-term bearish pressure and a possible move lower before any bounce.
Entry (Short): $0.332 – $0.336 Targets:
T1: $0.320
T2: $0.305
T3: $0.290
Stop Loss: $0.348 (above liquidation zone & recent high)
Bias: Bearish below $0.340. Failure to reclaim $0.345 keeps downside targets valid. Use strict risk management.
Short liquidation at $0.6029 indicates shorts were forced to close, which usually gives bullish momentum in the short term. Price may continue upward if it holds above this level.
Entry (Long): $0.600 – $0.605 Targets:
T1: $0.625
T2: $0.650
T3: $0.680
Stop Loss: $0.585 (below liquidation zone & short-term support)
Bias: Bullish above $0.595. A strong hold above $0.61 can accelerate the move toward higher targets. Use proper risk management.