Massive Liquidation Alert $RUNE Longs Hit Hard!
A huge $88.5K long position has been liquidated at $4.673, leaving traders reeling as the market takes a bearish turn.
Heavy Losses: Bulls betting on a price increase were forced out, adding fuel to the sell-off.
Bearish Momentum: The sharp drop shows sellers are firmly in control, and uncertainty is growing.
What Happened?
1️⃣ Liquidation Trigger: The price dipped below a critical level, liquidating leveraged positions and intensifying the downward pressure.
2️⃣ Market Volatility: The sudden move highlights how quickly the market can shift volatility remains high.
3️⃣ Bear Dominance: Sellers have the upper hand, keeping buyers on edge as they look for a recovery.
Key Levels to Watch:
Support Zones: Monitor $4.60 and $4.55 as potential levels where the price might stabilize.
Resistance Points: If the price rebounds, resistance at $4.70 and $4.75 could slow the recovery.
Volume Trends: High sell volume could signal more downside, while increased buy volume might suggest a reversal.
How to Navigate This Move:
Trade Carefully: Wait for signs of stabilization before making new entries.
Set Stop-Losses: Protect your positions from further downside by using well-placed stop-loss orders.
Keep Watching: Liquidations can create ripple effects stay alert for continued volatility.
$RUNE is under pressure! Will the bulls return to push prices higher, or will the bears maintain control?
Stay tuned for the next big move!
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