API3 recorded a $1.35K short liquidation near $0.2706, indicating that this zone may contain short-side liquidity. After a short squeeze, rejection from resistance can offer a controlled short opportunity.
Entry Zone: $0.2700–$0.2750
Stop-Loss: $0.2810
TP1: $0.2630
TP2: $0.2550
TP3: $0.2470
Support: $0.2550–$0.2630
Resistance: $0.2700–$0.2750
My Take: The preferred setup is a rejection around $0.2706–$0.2750 followed by weakening momentum and a lower high. Do not short into a clean breakout.
Invalidation: A sustained move above $0.2810 cancels the short setup. Wait for price confirmation rather than entering
solely because of the liquidation print.
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