$USDS recorded a $6.25K long liquidation around $0.03123, indicating that leveraged buyers were caught on the wrong side of the move. This can reflect downside pressure or a liquidity sweep, but the event does not reveal whether price has reached a durable support zone. A bearish continuation becomes more plausible if price rejects a reclaimed resistance level and forms a lower low. A long setup should only be considered after a clear bullish CHOCH and confirmation that buyers are regaining control.
📈 Trade Plan
Bias: SHORT — conditional
Entry: $0.0312–$0.0318 after a confirmed bearish rejection
TP1: $0.0305
TP2: $0.0298
TP3: $0.0288
SL: $0.0324
Risk-to-Reward: Approximately 1:1 to 1:3, depending on entry and target.
Trade Grade: B — confirmation required
Trade Thesis: Long liquidations may indicate trapped buyers and selling pressure. A lower-high formation and bearish BOS would strengthen the short thesis.
Risk Management: Do not short directly into strong support. Confirm rejection first and keep position size appropriate for the asset's volatility.
📈 Trade Plan
Bias: SHORT — conditional
Entry: $0.0312–$0.0318 after a confirmed bearish rejection
TP1: $0.0305
TP2: $0.0298
TP3: $0.0288
SL: $0.0324
Risk-to-Reward: Approximately 1:1 to 1:3, depending on entry and target.
Trade Grade: B — confirmation required
Trade Thesis: Long liquidations may indicate trapped buyers and selling pressure. A lower-high formation and bearish BOS would strengthen the short thesis.
Risk Management: Do not short directly into strong support. Confirm rejection first and keep position size appropriate for the asset's volatility.