Liquidation Reference: $5.7123 (Short Liquidation: $3.0538K)
Entry Zone: $5.65 – $5.74
Stop Loss: $5.48
Take Profit Targets:
- TP1: $5.90
- TP2: $6.08
- TP3: $6.30
Market Analysis:
The short liquidation around $5.7123 suggests that upward price movement has pressured short positions. This level is important for assessing whether buyers can sustain momentum. If PROM consolidates above the reference area and trading volume improves, another move toward higher resistance could develop.
Trade Management: Prefer an entry after a confirmed retest or bullish candle close. Scale out at successive resistance levels.
Invalidation: A sustained breakdown below $5.48 would invalidate the bullish structure.
Maintain a reasonable risk-to-reward ratio and avoid overleveraging.
#Circle Reports $1.4 Billion in H1 2026 Revenue as Net Profit Margin Stands at 7%
#Tesla Q3 2026 Earnings: Revenue Stays Flat as Net Income Falls 43%
