🚨 $HUMA Traders Alert
Massive long liquidation of $2,124.5 spotted at $0.05394 — a sign that smart money might be shaking out weak hands. A possible accumulation zone is forming. This could be a turning point.
Technical Analysis
Buy Zone:
🟢 $0.0505 – $0.0535
This range is a strong demand zone based on previous consolidation and the recent liquidation wick. Accumulation is likely here if volume increases.
Entry Strategy:
Wait for price confirmation with strong volume above $0.0535
Ladder entries within the buy zone for better average
Target 1: $0.0600
Target 2: $0.0665
Target 3: $0.0720
These targets align with prior resistance levels and Fibonacci retracement zones from recent swings.
Stop Loss: $0.0485
Placed slightly below the accumulation zone and previous swing low to avoid getting stopped on a fakeout.
Conclusion:
This long liquidation at a key support level could be the setup for a breakout play. Market may be flushing late longs before a reversal. Be patient and let the price structure confirm the move. This setup rewards discipline and timing.
