Liquidation Reference: $89.05 (Short Liquidation: $25.68K)
Entry Zone: $88.70 – $89.20
Stop-Loss: $87.80
Take Profit 1: $90.20
Take Profit 2: $91.30
Take Profit 3: $92.50
Market Analysis:
The significant $25.68K short liquidation indicates strong buying pressure around $89.05, potentially creating conditions for further upside. Buyers need to defend the $88.70–$89.00 area to maintain bullish momentum. A sustained move above $89.20 could attract additional liquidity and push price toward higher resistance zones.
Invalidation: A decisive break below $87.80 cancels the bullish setup.
Risk Management: Wait for confirmation before entering. Secure partial profits at each target and avoid excessive leverage.
