Liquidation Alert: $77.5K Long Position on $SHIB Wiped Out at $0.0258
The market has taken a bite out of leveraged traders as a $77,500 long position on Shiba Inu (SHIB) was liquidated at the key price of $0.0258.
This event highlights the fierce volatility in the meme coin space, catching many traders off guard.
Key Details:
Sharp Pullback:
$SHIB faced intensified selling pressure, breaking through critical support levels.
Cascading Effect:
The liquidation adds to broader market concerns, with meme coins often being highly sensitive to shifts in sentiment.
Volatility Reminder:
Even small price swings in SHIB can have outsized effects on leveraged positions.
Traders should keep a close watch on $0.0255, the next potential support zone.
A failure to hold could lead to further declines, but a bounce back may trigger renewed bullish interest.
Pro Tip: In high-volatility assets like $SHIB , proper risk management is critical.
Know your exit points before entering the trade!
Will SHIB bounce back, or are we heading into a deeper correction?