🔴 Long Liquidation: $3.4945K at $2.231
Trade Direction: SHORT
Entry Zone: $2.220–$2.240
Stop-Loss: $2.292
TP1: $2.180
TP2: $2.125
TP3: $2.060
Market Structure: The $2.231 liquidation shows that leveraged longs were forced out around a key short-term area. This often creates additional selling pressure if price fails to recover the liquidation zone.
Technical View: $2.24 is the first resistance to watch. A weak retest followed by rejection would confirm seller control. Below $2.20, downside momentum could increase as additional long liquidity gets exposed.
Trading Plan: Prefer the short only after rejection inside the entry zone. Avoid chasing a sharp breakdown.
Invalidation: A sustained breakout above $2.292 with strong buying volume cancels the short setup.
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