$QUICK Long Liquidation Alert: $2.02K at $0.02045
The market just witnessed a sharp shakeout as $2,020 worth of long positions in $QUICK were wiped out at the $0.02045 level. This signals potential weakness and panic among overleveraged traders—but for smart traders, it may just be the signal to prepare for a potential reversal or deeper entry.
Technical Analysis for $QUICK
Current Price Zone: ~$0.0205
Trend: Bearish short-term, potential for bounce after liquidation flush
Volume: Slight uptick post-liquidation, suggesting accumulation interest
Strategic Buy Zone
Buy Zone: $0.0185 to $0.0202
This zone sits just below the liquidation price. If price dips into this range with stability, it could offer a high-risk/high-reward entry.
Targets
Target 1: $0.0234 — First resistance after rebound
Target 2: $0.0268 — Minor supply zone and moving average cross
Target 3: $0.0301 — Psychological barrier and recent rejection point
Stop-Loss Strategy
Stop Loss: $0.0174
A break below this level indicates further downside, invalidating the bounce thesis.
Organic Market Sentiment Outlook
This liquidation may flush weak hands, offering a chance for strategic re-entries. Watch how price behaves around the $0.0200 support. If bulls reclaim strength with volume, the momentum could shift quickly. However, if the level breaks down again, expect a deeper dip into the $0.017 zone.