The $KDA long liquidation of $1.7802K at $0.07788 looks like a natural and healthy correction after an extended rally. These liquidations often serve as a reset point — clearing overleveraged longs and bringing fresh liquidity into the market. It’s the kind of shakeout that can create a stronger base for the next move upward.

I’m watching the $0.0765 – $0.0780 area carefully. This level has acted as a solid reaction zone in the past — it’s where price previously rebounded after a short-term sell-off. It also aligns near the 50% Fibonacci retracement from the last upward leg, suggesting strong technical confluence.

Trade Setup:

Entry Zone: $0.0765 – $0.0780

Target 1: $0.0812

Target 2: $0.0846

Stop Loss: $0.0748

I’m watching how buyers respond here — they’re showing early signs of absorption, hinting that accumulation might be underway. If this level holds, it could mark the turning point before $KDA starts building upward momentum again.