A significant long liquidation worth $5.31K has been triggered around $6.87126, signaling that bullish positions were forced out. This often increases volatility and can create opportunities for both rebounds and continuation moves. The immediate support sits near $6.70, while resistance is around $7.05–$7.15. If buyers successfully defend support, the next upside target could be $7.35, followed by $7.60. However, losing support may expose $6.45 as the next downside zone. Stay patient, wait for confirmation, manage risk carefully, and avoid chasing impulsive candles during heightened volatility.
