$ON
, guys, this sudden flush of long liquidations right at the $0.22054 mark is definitely worth your attention today. We are seeing a rapid clearing of overleveraged positions, which often resets the short-term structure and creates a localized base for potential recovery. When the market aggressively hunts these long positions, it temporarily exhausts the selling pressure and can set the stage for a relief bounce if buyers step in.
📌 Reference Price: $0.22054 (Long Liq Level)
🟢 Entry Zone: $0.22050 – $0.22100
⟡ TP1: $0.22350
◈ TP2: $0.22600
⚡︎ TP3: $0.22950
🛡️ Stop Loss: $0.21850
The entry zone hugs the exact liquidation cluster, giving us a tight risk profile right where the forced selling occurred. TP1 targets the immediate local recovery as the order book stabilizes, while TP2 and TP3 look for a full relief rally as shorts get squeezed and momentum shifts. The stop loss is placed just below the liquidation wick to invalidate the setup if the flush continues deeper and breaks the local structure.
Support: $0.21850 / $0.21500
Resistance: $0.22500 / $0.23000
The recent price action shows a sharp drop that specifically targeted the $0.22054 level to clear out weak long hands. This type of long liquidation event usually acts as a short-term exhaustion point because the forced exits remove organic sellers from the market. Volume during this flush suggests a mechanical liquidation rather than purely bearish sentiment. We need to watch the reaction at this level closely to see if a higher low forms.
Traders, would you wait for a confirmed higher low on the lower timeframes before stepping in here, or are you looking to front-run the bounce?
Let’s see if this $0.22054 zone holds as a hard floor or if we get one more shakeout before the real move begins.
, guys, this sudden flush of long liquidations right at the $0.22054 mark is definitely worth your attention today. We are seeing a rapid clearing of overleveraged positions, which often resets the short-term structure and creates a localized base for potential recovery. When the market aggressively hunts these long positions, it temporarily exhausts the selling pressure and can set the stage for a relief bounce if buyers step in.
📌 Reference Price: $0.22054 (Long Liq Level)
🟢 Entry Zone: $0.22050 – $0.22100
⟡ TP1: $0.22350
◈ TP2: $0.22600
⚡︎ TP3: $0.22950
🛡️ Stop Loss: $0.21850
The entry zone hugs the exact liquidation cluster, giving us a tight risk profile right where the forced selling occurred. TP1 targets the immediate local recovery as the order book stabilizes, while TP2 and TP3 look for a full relief rally as shorts get squeezed and momentum shifts. The stop loss is placed just below the liquidation wick to invalidate the setup if the flush continues deeper and breaks the local structure.
Support: $0.21850 / $0.21500
Resistance: $0.22500 / $0.23000
The recent price action shows a sharp drop that specifically targeted the $0.22054 level to clear out weak long hands. This type of long liquidation event usually acts as a short-term exhaustion point because the forced exits remove organic sellers from the market. Volume during this flush suggests a mechanical liquidation rather than purely bearish sentiment. We need to watch the reaction at this level closely to see if a higher low forms.
Traders, would you wait for a confirmed higher low on the lower timeframes before stepping in here, or are you looking to front-run the bounce?
Let’s see if this $0.22054 zone holds as a hard floor or if we get one more shakeout before the real move begins.