$HUMA Just Faced a Brutal Shakeout
A sharp long liquidation of $1.19K at $0.05307 has hit the charts. Whales just flushed out weak hands, but this move might have set the stage for something big. The dust is settling, and what comes next could be explosive.
Here's the full technical breakdown:
Buy Zone:
$0.0505 to $0.0532
This is the high-reaction zone where price may consolidate and flip, especially after that liquidation event. If bulls step in, this area could become a launchpad.
Target 1: $0.0575
Strong resistance from recent swing highs. If broken, it could trigger momentum buyers.
Target 2: $0.0628
Previous supply zone and psychological level. This is where many traders may look to book profits.
Target 3 (Extended): $0.0689
Final resistance before macro trend reversal. If this gets breached, $HUMA enters a fresh bull cycle.
Stop Loss:
$0.0485
Just below the buy zone. If the price breaks this level, it invalidates the bullish setup and suggests further downside pressure.
Conclusion:
$HUMA has just shaken out weak long positions. This type of liquidation often marks a bottom. Volume spikes and price reaction in the current zone will be critical. Smart money could already be accumulating. The next few candles could define the next leg.