A $14.147K long position has been liquidated at $139.65, signaling a sharp move against bullish traders. Price dropped below key levels, forcing long positions to close and showing a clear shift in momentum toward the downside.
WHAT THIS MEANS
Long liquidation occurs when buyers overextend and the market reverses. In this case:
Bulls lost control near the recent high
Liquidity above was swept, giving sellers the advantage
Momentum now favors the downside
Price may continue to test lower support zones
MARKET STRUCTURE INSIGHT
The liquidation zone is now acting as resistance. Price rejection at this level shows sellers defending it, and any further upside will require strong buying pressure to reclaim the zone.
TRADE PLAN (EDUCATIONAL)
Entry Price (EP): 138.50 – 140.00 Take Profit (TP):
TP1: 136.50
TP2: 134.00
TP3: 130.00
Stop Loss (SL): 141.50
The stop is tight, providing clear invalidation. If price moves back above SL, the bearish thesis is invalidated.
WHY THIS SETUP MAKES SENSE
Long liquidation confirms strong downward pressure
Price reaction shows seller conviction
Risk-to-reward is favorable for a short move
Momentum aligns with potential continuation lower
Longs have been punished, liquidity has shifted to sellers, and the market is leaning bearish.