Short Liquidation Analysis for #RAYSOL
Details:
Liquidation Amount: $3.9162K
Liquidation Price: $7.566
Key Levels:
Entry Point: Consider a short entry near $7.566 after confirming resistance in this zone.
Stop Loss: Set the stop loss slightly above $7.600 to manage risk effectively.
Target: Aim for the next support level around $7.400 for a calculated profit target.
Recommendation:
Monitor market volatility closely, as liquidation events at this level can lead to sudden price spikes. Employ strict risk management and adjust your strategy based on real-time price action.
