$KDA (Kadena) Long Liquidation Alert!
A recent long liquidation worth $1.512K occurred at $0.06114, signaling a wave of volatility around this crucial price zone. Traders are showing mixed sentiment, and momentum seems to be shifting as buyers lose short-term control.
Key Technical Levels:
Support: $0.0588 — If this floor holds, a bounce could form a short-term recovery setup.
Resistance: $0.0655 — A breakout above this could trigger a push toward the $0.069 region.
Market Outlook:
KDA has been consolidating after a sharp decline, and this liquidation may flush out weak hands before the next directional move. If bulls defend the lower range, the token could aim for a rebound. However, failure to sustain above $0.06 might lead to another downward leg.
Trading Strategy:
Buy Entry: Around $0.059 – $0.060 (watch for confirmation candles).
Sell Target: $0.065 – $0.067 for short-term profit-taking.
Stop-Loss: Below $0.057 to limit downside risk.
Next Move:
Monitor how KDA reacts around $0.06 — this is the battleground. A strong hold here may invite fresh buying interest, but weakness could accelerate liquidation pressure again.
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