Major Liquidation Alert!
A massive $120K long position was liquidated at $0.475 on $PYTH .
This heavy sell-off signals a moment of caution for traders as volatility spikes in the market.
• Market Analysis:
Liquidations of this size can indicate that bullish momentum is losing strength in the short term.
Sellers seem to have regained control, pushing prices toward potential lower support zones.
• What’s Next?
If the price breaks below $0.465, we may see a sharp dip toward $0.44.
However, if buyers defend this level, a rebound toward $0.485-$0.50 is possible.
• Strategy Tip:
• Short-term traders: Wait for confirmation before entering; avoid chasing the market blindly.
• Long-term holders: Monitor support levels closely; consider adding only if the price stabilizes.
Stay sharp, and trade smart!
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