$XTZ long positions were liquidated at $1.656, shaking confidence among traders and sparking intense market volatility. 📉

What’s Driving This Move?

Bulls Stumble: XTZ’s upward momentum faltered at a critical support level, leading to a cascade of long liquidations.

Increased Selling Pressure: The sudden price dip indicates a potential shift in market sentiment.

Key Areas to Monitor:

1️⃣ Support Levels: Will XTZ stabilize above $1.65, or are deeper corrections ahead?

2️⃣ Volume Trends: A spike in sell volume could signal sustained downward pressure.

3️⃣ Market Signals: Watch for RSI and MACD indicators to gauge recovery potential.

What's Next for Tezos?

This liquidation highlights heightened market risks, but it could also present opportunities for strategic traders.

Will XTZ bounce back, or is the bearish wave just getting started?

Your move: Are you buying the dip, holding tight, or staying out? Let us know your strategy!

Disclaimer: Not financial advice. Always do your own research.#ThanksgivingBTCMoves #AIAndGameFiBoom #BinanceBNSOLPYTH #BitwiseFiles10ETFs #XRPTrends