Liquidation Reference: $0.5555
Entry Zone: $0.5520–$0.5600
Stop-Loss: $0.5740
Take Profit:
TP1: $0.5400
TP2: $0.5260
TP3: $0.5100
Market Analysis:
Short liquidations near $0.5555 indicate that bearish positions have faced pressure around this level. If the resulting buying momentum fails to sustain a breakout and price shows rejection near resistance, a downside retracement could develop. Watch for weakening volume and a lower-timeframe bearish reversal before considering entry.
Invalidation: A sustained breakout above $0.5740 invalidates the bearish setup.
Avoid chasing price after a sharp move and keep risk exposure controlled.
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