Over $2.15M in Longs Liquidated at $4.789 – Here’s What I’m Watching

I just witnessed a major shakeout in the $DOT market – over $2.15 million in long positions were liquidated right at the $4.789 mark. This kind of move typically wipes out weak hands… but to me, that’s where the real opportunity begins.

My $DOT Technical Breakdown (Current Spot Price: ~$4.75)

Buy Zone:

📉 $4.55 – $4.75

This area has shown solid historical support, and with that long flush, it now looks primed for a bounce.

Bullish Targets I’m Eyeing:

  1. 🥅 $5.12 – A well-defined resistance level from recent structure

  2. 🧱 $5.45 – A high-volume area and previous swing high

  3. 🚀 $5.95 – A moonshot target aligned with Fib extension and potential breakout momentum


Risk Management (Stop-Loss):

🔻 $4.38 – Below this level, the structure shifts bearish and I’d consider the setup invalidated.

Why I’m Paying Attention:

  • This liquidation reset leverage across the board – opening space for bulls to step in

  • Price is sitting on strong support with a volume spike – textbook reversal conditions

  • The risk-to-reward ratio is extremely favourable right now

So here’s the big question I’m asking myself (and maybe you should too):

Am I willing to enter while the crowd is fearful?

$DOT just set the table – the wave is forming. Will I ride it or let it pass?


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