Liquidation Reference: $502.07818 (Short Liquidation: $10.117K)
Entry Zone: $500.50–$503.00
Stop-Loss: $491.00
TP1: $512.00
TP2: $522.00
TP3: $534.00
Analysis: The $10.117K short-liquidation event near $502.08 highlights buying pressure. If SMH holds the $500 region and buying volume remains supportive, another upward move may develop. A confirmed hold above resistance would strengthen the bullish outlook.
Invalidation: Sustained trading below $491.00.
Risk Management: Wait for confirmation and maintain disciplined exposure.
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