Liquidation Alert! $SXP Wipeout.

A staggering $2.6163K worth of long positions got liquidated at the critical level of $0.3552. This intense movement in the market shows how unforgiving the crypto world can be!

What does this mean.

Traders who were betting on $SXP going up faced a brutal reality as the price plummeted to their liquidation levels.

The liquidation level hints at a strong resistance or significant sell-off zone, triggering stop-outs and cascading liquidations.

Key Levels to Watch:

1️⃣ Support Zone: Around $0.3500 – If this level breaks, we might see further downside.

2️⃣ Resistance Zone: $0.3700 – Bulls need to reclaim this for a recovery rally.

Trading Tip:

For future trades, manage risk wisely by setting tight stop-loss levels and diversifying your portfolio. The crypto market is highly volatile, and understanding liquidation data can help you navigate it strategically.

Are you riding the waves or dodging the storms

.

Let us know your thoughts below.

#SXP/USDT #CryptoReboundStrategy #AIAgentFrenzy #SUIHitsATH #BitcoinHashRateSurge