A long liquidation worth $2.29K has been triggered around $0.11445, signaling that leveraged bullish positions were forced to close as selling pressure intensified. This liquidation event often flushes excess leverage from the market, increasing short-term volatility before the next significant move. The immediate support is near $0.1120, while resistance stands around $0.1175–$0.1200. If buyers reclaim resistance with strong momentum, the next upside target could be $0.1240, followed by $0.1290. However, a break below support may extend the decline toward $0.1080. Stay disciplined, wait for confirmation, and always apply proper risk management before entering any trade.
