Liquidation Reference: $0.03371 (Long Liquidation: $4.6143K)
Entry Zone: $0.03360 – $0.03400
Stop Loss: $0.03500
Take Profit Targets:
- TP1: $0.03280
- TP2: $0.03190
- TP3: $0.03090
Market Analysis:
TURTLE recorded long-side liquidations around $0.03371, indicating that leveraged buyers faced pressure at this level. The proposed short setup looks for continued weakness or a rejection from nearby resistance. If sellers maintain momentum and volume confirms downside pressure, price could revisit lower support and liquidity zones.
Invalidation: A sustained breakout above $0.03500 would invalidate the bearish setup.
Risk Management: Wait for rejection confirmation before opening a position. Use controlled leverage and avoid risking excessive capital on a single trade.
