$MKR Liquidated Long: $56K at $1,545
The market was in a frenzy today as Maker (MKR) shot up to $1,545, a key resistance level, igniting massive liquidation.
Just moments ago, a $56K long position was completely wiped out, as $MKR surged. Currently, MKR has surged 22.75% in the past month, defying bearish trends.
After bouncing back from lower levels around $1,000, MKR is teasing a potential rally.
With the technical indicators such as the RSI showing bullish momentum, $MKR could see a new high soon if the breakout above the $1,500 resistance is sustained.
This liquidation is a stark reminder of the market's volatility.
Those caught holding through the surge may have been on the edge of their seat, but for the rest, this rally presents a critical opportunity to act.
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