Momentum is showing a short-liquidation reaction around $0.16334, suggesting buyers are defending the lower zone. The setup favors a controlled long if price holds the $0.1600–$0.1640 support area and starts reclaiming $0.1660.
Entry Zone: $0.1610–$0.1640
Support: $0.1600 / $0.1570
Resistance: $0.1700 / $0.1760
🎯 TP1: $0.1700
🎯 TP2: $0.1760
🎯 TP3: $0.1830
🛑 Stop-Loss: $0.1560
Liquidation reference: $0.16334 short liquidation, $1.453K.
My Take: The long is valid while price holds the liquidation-reclaim zone. A sustained move below $0.1560 invalidates the setup and signals that downside pressure remains dominant.
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