$ALPACA Massive Long Liquidation Alert.
Token: $ALPACA
Liquidation Value: $1.4685K
Price Triggered: $0.1655.
What Happened.
The market took a sharp turn, leading to a long liquidation worth $1,468.5. This means traders betting on an upward price move for got liquidated as the price dropped to $0.1652—a key support zone breached by strong selling pressure.
Why It’s Important:
This liquidation indicates heavy downward pressure on $ALPACA
It suggests a potential retest of lower levels unless bullish momentum picks up.
Watch out for cascading liquidations that can intensify market volatility.
Key Levels to Watch:
Resistance (Upside Target): $0.1700
Support: $0.1600 (if the price continues falling).
Reversal Zone: Bulls need to reclaim $0.1655 to regain confidence.
Pro Tip.
If you're trading $ALPACA consider reducing leverage or setting tighter stop-loss levels. Monitor market sentiment closely liquidations often create opportunities for disciplined traders.
Are we headed for a comeback or deeper correction? Let’s discuss below.
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