$TRU Long Liquidation Alert:
Liquidation Amount: $3,134.2 at $0.06478
Current Market: The market shows signs of selling pressure as long positions are being liquidated.
Key Points:
1. Support Levels:
$0.06400: A critical support level where buyers may step in.
$0.06250: A lower support zone if the price continues to drop.
2. Resistance Levels:
$0.06650: Near-term resistance to watch.
$0.06800: A stronger resistance that must break for upward movement.
Next Move Suggestions:
1. Buy:
Wait for the price to hold above $0.06400 and show signs of recovery.
Watch for a breakout above $0.06650 with good volume before entering.
2. Sell:
If the price breaks below $0.06400, it may fall further toward $0.06250. Consider selling to avoid losses.
Action Plan:
Wait for confirmation before trading.
Monitor Volume: Low volume means weak moves, while high volume confirms strength.
Use Stop-Loss: Protect yourself by setting a stop-loss slightly below your entry point.