Long liquidations indicate leveraged bulls have been flushed out, often creating a healthier market structure. Price is approaching an important support area where fresh demand could appear. A successful defense of support may open the door for a technical recovery toward higher levels.
Support: $0.0645
Resistance: $0.0695
Next Target: $0.0740
Patience is essential after a long squeeze. Watch for strong buying pressure before anticipating the next move.
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