Long liquidation near $0.01593 shows downside pressure has already forced leveraged buyers out.
Entry Zone: $0.01585–$0.01610
Stop-Loss: $0.01655
TP1: $0.01530
TP2: $0.01485
TP3: $0.01435
The setup favors a short if $0.01610 acts as resistance after a weak rebound. Losing $0.01530 would confirm continuation toward the next liquidity area. Avoid entering after an extended red candle; a retest gives better risk control.
Invalidation: A strong reclaim and hold above $0.01655 cancels the bearish setup.
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