🔥 PROM
📌 Event Details:
• Event Type: Long Liquidation
• Volume Liquidated: $2.3161K
• Trigger Price: $4.05267
🎯 Trade Setup:
• Entry Zone: $3.85 - $4.00
• TP1: $4.30
• TP2: $4.65
• Stop-Loss (SL): $3.70
📊 Market Analysis:
The sudden flushing of $2.3161K in long positions at $4.05267 indicates a sharp liquidity sweep below key local support, which likely triggered cascading stop-losses among overextended market participants. This aggressive shakeout clears out weaker hands and absorbs resting sell-side pressure, creating an environment favorable for a potential mean-reversion bounce. As the order book rebalances following this volatility spike, sustained volume holding above the $3.85 structural floor could pave the way for a relief rally toward higher liquidity pools.
🛡️ Risk Management: Allocate no more than 2% to 3% of your total trading capital to this spot setup to protect against unexpected downside continuation.
