Axie Infinity Hit Hard: $4.24K Long Liquidation at $6.21944!
The crypto market’s turbulence strikes again, with AXS facing a major liquidation of $4,241.7 at the critical price level of $6.21944.
This event highlights intensifying bearish pressure on Axie Infinity's price action.
Key Details:
Liquidation Value: $4,241.7
Liquidation Price: $6.21944
Market Sentiment: Downward pressure threatens to unravel $AXS fragile support zones.
Why It’s Crucial:
This liquidation signals waning confidence among leveraged traders and the potential for cascading sell-offs.
The $6.20 level now serves as a pivotal zone—breach it, and AXS could see more downside momentum.
What’s Next?
For Short-Term Traders: Watch the $6.20 mark like a hawk.
If support holds, a rebound could present quick scalping opportunities.
If not, prepare for a slide to lower support levels around $6.00 or below.
For Long-Term Investors: Patience is key. Look for consolidation before considering re-entry—catching a falling knife is risky.
General Strategy: Tighten your risk parameters.
Volatility remains high, and market conditions favor caution.
The game is far from over, but $AXS faces a decisive moment.
Will bulls step up, or will bears run the field?