Massive Long Liquidation Spotted on $IO – Opportunity or Trap?
$7.99K worth of Longs just got wiped out at $1.004 – blood on the charts! When weak hands panic, smart money starts loading. Is this the calm before a bullish storm?
Here's the full breakdown for smart entries:
Buy Zone:
$0.981 – $1.010
(Buy on dips, but wait for confirmation candle above $1.005 for safer entry.)
Short-Term Targets:
Target 1: $1.045 – mild resistance, take partials
Target 2: $1.089 – strong liquidity grab zone
Target 3: $1.137 – where short-sellers might get hunted!
Stop Loss:
$0.957 (below recent structure; if this breaks, bulls are in danger)
Risk-to-Reward:
Solid 1:3+ potential with careful entry.
What’s the Thrill?
Big liquidations = fear = perfect time to strike. Price dipped to a key psychological level, triggering panic exits. Now, if momentum builds above $1.01, this could become the ignition point for a solid upside push.
Warning: If price fails to hold above $0.981, reconsider the setup—this could go deeper before recovering.