$BERA Liquidation Event – A Thrilling Opportunity.
A massive $7.134K long liquidation has been triggered at $5.474, indicating a shakeout in the market. This could be an opportunity for traders to position themselves strategically. Let’s break down the possible trade setup:
Buy Zone:
Ideal entry between $5.40 – $5.55 if price stabilizes and forms a support.
Target Levels:
1. $5.80 – First resistance level, potential bounce area.
2. $6.20 – Strong supply zone, watch for breakout or rejection.
3. $6.50 – $6.80 – If bullish momentum continues, this range could be tested.
Stop-Loss:
A safe stop-loss would be below $5.20, as a breakdown below this level could lead to further downside.
Market Sentiment:
The long liquidation suggests forced selling, which often creates a liquidity grab before a reversal.
If the price reclaims $5.50 and holds, bullish momentum could build.
However, if $5.40 fails to hold, deeper corrections might follow.
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