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mrshah196
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Bearish
🚨 **$WIF Long Liquidation ALERT!** 🚨
💥 **$9.7407K Long Liquidation at $1.14278!** 💥
Big moves in the market with a **long liquidation** of **$9.7407K** at **$1.14278** for **$WIF**! This liquidation has shaken things up, and it’s time to analyze the next steps carefully. Let’s dive into the details.
🔍 **Full Breakdown:**
📉 **What’s Happening?** A massive **long liquidation** at **$1.14278** suggests a price pullback, shaking out traders who were betting on higher prices. This event could either trigger a **bullish reversal** or continued **downward pressure** — so staying alert is key!
📍 **Buy Zone:** The best entry point for **$WIF** looks to be around **$1.10 - $1.13**. These levels have shown some support, and if they hold, this could be the ideal zone to catch the next upward move.
🎯 **Target:** The initial target for **$WIF** could be around **$1.25**. Watch for momentum shifts that could bring the price even higher, but **$1.25** is a solid short-term target.
🚨 **Stop Loss:** To protect against unexpected moves, place your **stop loss** at **$1.05**. This level will help secure your position in case the market doesn’t bounce as expected.
💡 **Why It Matters:** Short liquidations create big market shifts, and these types of events often lead to **quick price action**. If you catch the trend early, you could make a solid profit, but always manage your risk!
⚡ **Stay sharp, trade wisely — the next move could be big!**
Entry Zone: $28.20 - $28.50 (Look for rejection or bearish confirmation)
Target 1: $26.80 (First support level)
Target 2: $25.50 (Stronger support)
Stop Loss: $29.50 (Above resistance)
Trade Details
✅ Wait for a bearish rejection at $28.20 - $28.50 before entering. ✅ A rejection at resistance could push price toward $26.80 and $25.50. ✅ Monitor 4H & 1H charts for confirmation with volume analysis. ✅ If price breaks above $29.50, exit to minimize risk.
Risk Management
🔹 Maintain a 2:1 risk-to-reward ratio. 🔹 Adjust stop loss if price consolidates near resistance.
Momentum Indicators
📉 RSI near overbought could signal exhaustion. 📉 Decreasing volume at resistance strengthens bearish bias.
Pro Tip
🚨 Watch BTC’s movement, as sudden volatility can impact $TRUMP.