Massive Long Liquidation Hits $NOT : What's Next?
A brutal wave just swept through the $NOT market, liquidating $5.14K in long positions around the $0.002774 level. This sudden shakeout signals panic among over-leveraged bulls — but for sharp traders, this could mark the beginning of a high-reward opportunity.
Analysis Breakdown:
This sharp liquidation hints at a possible local bottom formation, often seen when weak hands are flushed out. Price has now entered a high-interest liquidity zone, potentially setting up for a powerful bounce or accumulation phase.
Buy Zone:
> $0.002600 – $0.002750
This is where smart money may start stepping in. It's the confluence of historical support and a zone of forced exits from longs, creating an attractive accumulation region.
Target 1:
> $0.003150
The first resistance level where price previously rejected. Ideal for partial booking.
Target 2:
> $0.003550
A breakout above the short-term descending structure would trigger this level.
Target 3:
> $0.004000
Psychological resistance. If momentum builds, this can be hit fast, turning the liquidation pain into profit.
Stop Loss:
> $0.002450
If price breaks below this level, it likely means deeper downside or delayed reversal. Exit swiftly and re-evaluate.
Final Thoughts:
This liquidation event may have scared off weak hands, but experienced traders know that true opportunity often begins where fear is at its peak. $NOT is now in the spotlight — will you capitalize or hesitate?