$HOME Just Faced a Heavy Blow: $1.11K Longs Liquidated at $0.02378 – What's Next?
The $HOME market just witnessed a significant long liquidation at $0.02378, signaling intense pressure on overleveraged buyers. This shakeout could mark a pivotal point – either the beginning of deeper correction or the launchpad for a fierce reversal.
Let’s break down the strategy moving forward:
Buy Zone
Primary Accumulation Range: $0.0205 – $0.0222
This is a critical demand zone, backed by historical price memory and previous liquidity wicks. A flush into this zone with strong volume could indicate smart money re-entry.
Target Zones
1. Target 1: $0.0263 – First major resistance, likely to face initial sell pressure.
2. Target 2: $0.0290 – Break of structure; will confirm bullish momentum.
3. Target 3: $0.0335 – Mid-term target; marks prior failed breakout level.
Stop Loss
Hard Stop: $0.0195
If HOME breaks below this level with volume, the bullish structure collapses. Capital preservation becomes priority.
Final Word
This liquidation event could be the market clearing the weak hands before a larger upside play. However, patience is key. Watch for volume confirmation in the buy zone, and don't chase. Let the market come to you. If bulls step back in, $HOME could rewrite its recent history.
