A $1.67K LONG liquidation was triggered at $4.24679, forcing bullish positions to close and increasing short-term downside pressure. Long liquidations often accelerate pullbacks when price fails to hold key support.
With longs flushed, $SSV is now trading near a critical reaction zone. If sellers maintain control and volume confirms weakness, price could extend lower. A reclaim above the liquidation level may lead to consolidation or a short-term bounce.
Trade Setup – $SSV
EP: 4.24 – 4.32
TP1: 4.05
TP2: 3.90
TP3: 3.70
SL: 4.45
Liquidations reset positioning — let price action confirm the next move.
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