Liquidation Reference: $0.01107 (Short Liquidation: $2.6608K)
Entry Zone: $0.01090 – $0.01110
Stop-Loss: $0.01055
Take Profit 1: $0.01145
Take Profit 2: $0.01185
Take Profit 3: $0.01230
Market Analysis:
The short liquidation near $0.01107 suggests that buyers have recently pressured bearish positions. Holding above the $0.01090 support area could provide an opportunity for further recovery. A confirmed breakout above $0.01110, supported by increasing volume, would strengthen the bullish scenario.
Invalidation: A sustained breakdown below $0.01055 invalidates this setup.
Risk Management: Wait for price confirmation, use controlled position sizing, and consider securing partial profits along the way.
#Bitcoin midterm election pattern
