🔴 $WIF Long Liquidation: $9.8672K at $1.87141
🚨 Market Update:
Liquidation Type: Long
Liquidation Amount: $9,867.20
Liquidation Price: $1.87141
💹 Market Overview:
The long liquidation signals aggressive selling pressure as WIF struggles to maintain key support levels.
Bears are in control, but this could create a potential entry for traders if support zones hold.
🔥 Trading Strategy:
Entry Point: Consider entering near $1.90 if the price shows signs of stabilization.
Target 1: Watch for a rebound to the immediate resistance at $2.00 (6% potential gain).
Target 2: If momentum builds, aim for $2.10, the next critical resistance.
Stop Loss: Place a stop at $1.80 to protect against further downside risks.
💥 Key Levels to Watch:
Support: If the price breaks below $1.85, expect further declines toward $1.75, a critical support zone.
Resistance: A move above $2.00 could indicate a shift in sentiment, favoring bulls.
🔔 Stay Cautious:
This is a high-risk scenario. Monitor market volume and trends carefully for confirmation before making any trades.