A $1.18K LONG liquidation was triggered at $0.01165, forcing bullish positions to close and increasing short-term selling pressure. Long liquidations often act as a momentum continuation signal when price remains below the liquidation level.

With longs flushed, $SPACE is now trading near a key reaction zone. If sellers maintain control and volume confirms weakness, price could extend lower from here. A reclaim above the level may lead to brief consolidation or a relief bounce.

Trade Setup – $SPACE

📍 Entry (EP): 0.0115 – 0.0118

🎯 TP1: 0.0110

🎯 TP2: 0.0104

🎯 TP3: 0.0096

🛑 Stop Loss (SL): 0.0121

Long liquidations shift market balance — let price action confirm continuation.

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