At the price level of 10.75 USD, recent market activity suggests the liquidation of leverages across different ranges. Specifically, we observe the liquidation of x3 and x5 leverages from major volume clusters within the relevant global range, alongside x10 leverage from the recent local range. This situation presents an opportune moment for a long entry, with potential price targets reaching up to 25 USD. It's worth noting that at the 25 USD mark, liquidations of x1 and x2 leverages from the significant volume clusters within the relevant global range are anticipated.
For risk management, consider setting a stop-loss below the local minimum. In case of a liquidity sweep, a re-entry strategy could be implemented upon the closure of a 1-4 hour candle above the 11 USD."
For risk management, consider setting a stop-loss below the local minimum. In case of a liquidity sweep, a re-entry strategy could be implemented upon the closure of a 1-4 hour candle above the 11 USD."