Market Alert: $BOME Long Liquidation of $13.233K at $0.00611 – Bears Take Control
A staggering $13.233K worth of long positions on $BOME were liquidated at $0.00611, signaling a sharp shift in market sentiment.
This forced sell-off reflects mounting bearish pressure, as the price struggles to hold above critical support levels.
With the market now under heavy selling influence, traders are closely watching for signs of further decline or a potential reversal.
Key Details:
Liquidation Amount: $13.233K
Liquidation Price: $0.00611
Market Sentiment: Short-term bearish, with further downside risk unless bulls can regain control.
Next Moves:
For Shorts:
Entry: Below $0.00600, confirming sustained selling pressure.
Targets:
Initial target: $0.00580 (support level).
Secondary target: $0.00550 (major support).
Stop Loss: $0.00620 to manage potential reversals.
For Longs:
Entry: Above $0.00615, if signs of recovery begin to emerge.
Targets:
Initial target: $0.00630 (resistance level).
Secondary target: $0.00650 (next breakout level).
Stop Loss: $0.00590 to limit downside risk.
The liquidation at $0.00611 has sparked volatility, and traders must remain alert to capitalize on rapid market changes.
Critical levels are now in play, and disciplined risk management is key.