$XAI Longs Wrecked: $9.41K Liquidated at $0.0652 – What’s Next?
The market just punished overconfident bulls on $XAI , wiping out $9,417 worth of long positions at the critical level of $0.0652. This bloodshed signals an opportunity – not for the faint-hearted, but for the strategic trader.
Analysis & Battle Plan
Current Price Reaction:
Heavy liquidation at $0.0652 suggests this level was a leveraged support zone – and it just got shattered. This hints at weak hands being flushed out, opening doors for a potential reversal or deeper drop before a bounce.
Buy Zone (High-Risk, High-Reward Entry):
$0.0605 – $0.0630
This range is where panic sellers collide with strategic buyers. Look for signs of consolidation or a fakeout wick before entering.
Targets:
Target 1: $0.0685 – Retest of broken support
Target 2: $0.0720 – Resistance from early breakdown zone
Target 3: $0.0780 – Full recovery mode begins
Stop Loss:
$0.0580
A clean break below this level would signal invalidation of the short-term bullish recovery plan.
Strategy Note:
This is a sniper’s game now. Wait for confirmation before entering. Volume uptick and failed breakdowns will be the trigger. The market is hunting stops – don't be the prey, be the predator.