*DOT UNDER PRESSURE: WHAT'S NEXT?*

A massive long liquidation worth $6.2365K has slammed Polkadot ($DOT), sending shockwaves through the market. The liquidation struck at $6.624, leaving traders reeling.

*THE LIQUIDATION LOWDOWN*

Long liquidation occurs when a trader's leveraged long position is forcibly closed due to a price drop below the liquidation price.

*MARKET MAYHEM*

Liquidations often fuel volatility, accelerating price movements in the direction of the liquidation.

*DOT'S CURRENT STATE*

- *Support Zone:* $6.50-$6.40

- *Resistance Levels:* $6.70, $6.85

- *Potential Trend:* If selling pressure persists, $DOT may plunge to $6.30. However, a rebound above $6.65 could reignite bullish momentum.

*TRADER'S ACTION PLAN*

- *Short-Term Strategy:* Buy between $6.35-$6.45

- *Target Levels:* $6.70, $6.85, $7.00

- *Stop-Loss:* $6.20

*RISK REMINDER*

Manage leverage wisely to avoid the liquidation trap.

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