SSV , which executed a crafty shakeout beneath its all-time lows, holding firm at $11 and leaving a trail of liquidated long positions. The stage is set for a potential retest of the significant horizontal level at $18.8 before the anticipated upward thrust. Here's a closer look at this stealthy move and the path to recovery. 🔄💹
Shakeout Strategy: Unlocking the All-Time Low
Strategic Shakeout:
SSV employed a meticulous shakeout strategy, descending below its all-time lows. The move strategically cleared the playing field, expelling lingering long positions. Key Support at $11:
Astonishingly, the coin staunchly held the $11 level during this orchestrated shakeout. The resilience demonstrated indicates a substantial commitment from market participants. Next Move: Retesting Horizontal Resistance at $18.8
Retest Anticipation:
The current trajectory suggests a potential retest of the major horizontal level at $18.8. A successful retest could be a pivotal moment, providing confirmation for further upward momentum. Charting the Path to Recovery:
SSV's resilience and strategic moves lay the groundwork for a possible resurgence. The upcoming retest will be closely watched for insights into the coin's recovery trajectory. Strategic Insights:
SSV's recent tactics highlight the importance of strategic shakeouts in refining market conditions. As the coin gears up for a critical retest, traders should keep a close eye on the $18.8 level for potential entry or exit points.
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