Major Long Liquidation Alert: $AERGO
💥A massive liquidation just rocked the $AERGO market.
Amount Liquidated: $1,558.3
Price Level: $0.1372.
What Happened.
This liquidation suggests that long positions were heavily leveraged around the $0.1363 price mark. As the market turned bearish, traders betting on the price increase were wiped out.
Why It Matters.
High Liquidation = Strong selling pressure.
This could trigger further downside momentum, trapping more leveraged longs.
Key Levels to Watch.
Support Zone: $0.1300 - $0.1350 (Potential bounce zone if buyers step in).
Resistance Zone: $0.1400 - $0.1450 (Watch for rejection here if price tries to recover).
Possible Strategy.
1. For Buyers: Wait for confirmation near $0.1300 support before entering.
2. For Sellers: Short rallies toward $0.1400 with a tight stop-loss.
Stay cautious—volatile moves ahead.
Always manage your risk and avoid overleveraging.
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