Liquidation Reference: $22.6698 (Short Liquidation: $2.33K)
Entry Zone: $22.40 – $22.75
Stop-Loss: $21.85
Take Profit 1: $23.20
Take Profit 2: $23.85
Take Profit 3: $24.50
Market Analysis:
The short liquidation around $22.67 indicates buying pressure and possible upside momentum. The $22.40–$22.50 region is an important area to monitor for potential support. If price maintains this zone and establishes acceptance above $22.75, buyers could attempt to extend the recovery toward the next resistance levels.
Invalidation: A decisive move below $21.85 cancels the bullish scenario.
Risk Management: Look for confirmation through price action and volume. Avoid chasing sudden spikes and maintain a disciplined stop-loss.
