$NFP
A large short liquidation has been observed! The price dropped to $1.13 thousand at $0.0871 - what's next?
The speculative stocks have collapsed! Over $1,132 in short selling positions were liquidated at $0.0871 - indicating a potential trend reversal, generating strong upward momentum at the level of $NFP !
Here is your strategic plan:
Buy Zone:
$0.0840 - $0.0875
Accumulation area where smart investors can invest. Ideal entry point if the price retests the liquidation zone.
Target Levels:
Target 1: $0.0920 (local resistance, profit-taking area)
Target 2: $0.0985 (breakout area - momentum continuation)
Target 3: $0.1050 (psychological barrier, fear of missing out area)
Stop Loss:
$0.0819
Clear invalidation level below the main support level - protects you from false sell-offs.
The significance of this:
Liquidations of this size typically lead to short selling. If momentum increases, we may witness a rapid breakout of resistance as bears are forced to cover their losses.
Tip for monitoring the chart:
Watch for trading volume spikes above $0.0880 - confirmation of breakout strength
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