A long liquidation around 154.7609 shows that many buyers were forced out of their positions. This type of move often creates high volatility before the market chooses its next direction. If sellers fail to push the price much lower, buyers may step back in and start a recovery. The next few candles are important because they will show whether this was only a liquidity sweep or the beginning of a stronger downtrend.
Market Bias The market is neutral to slightly bullish only if price quickly reclaims the liquidation area. If the price stays below that level, expect more sideways movement or another drop before any strong recovery.
Trade Setup
Entry Zone: 151.50 – 154.00
Take Profit
- TP1: 158.00 - TP2: 162.50 - TP3: 168.00
Stop Loss 149.00
Risk Management Wait for a strong bullish candle or increased buying volume before entering. Do not chase the price if it pumps without confirmation. Protect your capital by risking only a small part of your trading account on one trade.
Conclusion The long liquidation has removed weak buyers from the market. If SKHY holds above the support zone and buyers return with volume, a recovery toward the target levels becomes more likely. If support breaks below the stop-loss area, the bullish setup is no longer valid and waiting for a new structure is the safer choice.
Short Thrilling Post
SKHY just wiped out over $10.5K in long positions near 154.76. Liquidity has been taken, and now the market is preparing for its next move. If buyers defend the support zone, a strong bounce could follow. Watch 151.50–154.00 for entries, aim for 158.00 / 162.50 / 168.00, and protect the trade with a stop below 149.00. Patience and confirmation are the keys to this setup.
SKHY Long Liquidation: What Could Happen Next? A long liquidation of $10.581K on Binance at $154.7609 shows that bullish traders were forced to close their positions after the price moved lower. This usually happens when the market becomes weak and leverage is too high. This liquidation is not very large compared to major market events, but it tells us that buyers lost control for a short time. If more liquidations follow, selling pressure could increase. If buyers return quickly, the price may recover and continue higher. Current Market View Trend: Short-term neutral to slightly bearish. Market Sentiment: Cautious after the liquidation. Volatility: Expected to remain high. Buy Zone Wait for the price to show support before entering. Primary Buy Zone: $150.00 – $153.00 Second Buy Zone: $145.00 – $148.00 (only if the market drops further and shows a strong bounce). Do not enter a trade only because the price falls. Wait for confirmation that buyers are returning. Targets Target 1: $160.00 Target 2: $166.00 Target 3: $172.00 Traders can book partial profits at each target and move the stop loss to protect gains. Stop Loss A safe stop loss is below the nearest support. Suggested Stop Loss: $144.00 Always risk only a small part of your trading capital on one trade. What to Watch Next If SKHY stays above the buy zone with strong trading volume, buyers may push the price toward the targets. If the price breaks below support with high selling volume, more long liquidations could happen before a recovery. Watch Bitcoin and the overall crypto market because they often influence altcoin price movements. #SKHY $SKHY