Something Big Just Happened at $0.6020
$A major long liquidation of $1.2898K hit the market at the $0.6020 level — and that’s not just a number, it’s a signal. Someone big exited in a panic. Now the question is: Was that the smart money cutting losses, or the dumb money running too late?
Let’s break it down:
Technical Analysis and Trade Setup
Zone of Interest (Buy Zone):
$0.5850 – $0.6020
This is the high-conviction zone where previous buyers were flushed out. Price is likely to revisit and consolidate here before any major move.
Target 1: $0.6375
Target 2: $0.6680
Target 3 (Swing): $0.7020
Stop Loss:
Below $0.5730 (to avoid being trapped in a deeper retracement)
Why This Setup Matters
Liquidation at support: The long liquidation indicates aggressive selling, but if price holds or reclaims this zone, a reversal is likely.
Volume flushout: Panic exits often mark the beginning of a new trend as weak hands exit and strong hands enter.
Risk-Reward in favor: Entry around this zone provides a low-risk, high-reward opportunity.
Conclusion
This liquidation event might just be the final shakeout before a stronger move to the upside. Stay patient. Let the chart speak. The market doesn't repeat, but it often rhymes — and this rhythm is worth trading.
