$MINA Price Action Update
A massive short liquidation of $2.50K just triggered at $0.2075, sending a strong signal that short sellers are getting squeezed and bulls might be stepping in. This could be the start of a powerful reversal if confirmed with volume and price momentum.
Technical Analysis:
Current Price Region: $0.2075 (Post-liquidation)
Buy Zone:
Accumulation Range: $0.1980 to $0.2050
This range is a potential accumulation zone where bulls may load up, especially after the recent liquidations. Watch for strong candle closings on the 4H timeframe with rising volume.
Target Zones:
Target 1: $0.2230
Target 2: $0.2375
Target 3 (Breakout Target): $0.2550
These levels align with previous resistances and Fibonacci retracement zones. A breakout above $0.2375 with momentum could signal a trend reversal.
Stop Loss:
Below $0.1945
A close below this level could invalidate the bullish setup and may trigger a new wave of selling.
Final Thoughts:
This recent short liquidation event at $0.2075 might be the spark for a trend reversal. However, confirmation is key. Smart money often enters just after a liquidation sweep—watch the volume and structure closely. $MINA could be gearing up for a breakout if bulls defend the key accumulation zone.