Massive $JUP Liquidation Detected! Is a Reversal Brewing?
$1.24K Long Liquidated at $0.5377!
Whales just got wrecked — but smart traders might just find gold in the ashes!
After a brutal flush-out at $0.5377, $JUP is showing early signs of accumulation. With weak hands shaken out, the setup is ripe for a powerful bounce. Here’s a strategic trading breakdown:
Technical Analysis:
Buy Zone:
$0.5250 - $0.5400
(High confluence with previous support + liquidation wick area)
Targets:
1. Target 1: $0.5820 – minor resistance + local fib 0.382
2. Target 2: $0.6125 – major breakout zone
3. Target 3: $0.6450 – previous swing high
Stop Loss:
$0.5080
(Close below this level may trigger further downside)
Why This Matters:
Massive liquidation at $0.5377 is often a signal of short-term bottom formation.
RSI on lower timeframes is oversold – signaling potential for sharp rebound.
Volume spike during liquidation = panic exit = potential smart money entry.
Strategy Insight:
"While others panic, smart money positions itself."
A bounce from this zone could ignite a short squeeze rally, especially if BTC stays above its critical support.