$MOVE
Liquidated Long: $2.9125K at $1.05374
A $2.9125K long position on MOVE faced liquidation at $1.05374, marking another blow for bulls in a turbulent market environment.
Insights:
Market Sentiment: The liquidation highlights bearish momentum, with buyers unable to sustain price levels.
Key Levels: $1.05 could act as a temporary support; if breached, the next downside target might be $1.02.
Strategy:
For Traders: Watch for price consolidation near $1.05; a bounce could signal reversal opportunities.
Caution: Increased selling pressure could drive further downside, so risk management is crucial.
The battle between bulls and bears continues to intensify—stay sharp!