$NOT Long Liquidation Alert
A massive long liquidation of $18,302 just occurred at $0.00631.
This signals significant selling pressure, potentially marking a decisive move for the token.
Key Observations:
Volume Spike: The liquidation suggests heavy sell-side momentum, likely fueled by cascading stop losses.
Support Level Breach: The $0.00631 level, once a support, may now act as resistance.
Bearish Sentiment: Traders could be exiting positions, signaling bearish control over short-term price action.$NOT
Suggested Next Move:
1. Monitor Market Reaction: Wait for confirmation whether price stabilizes or accelerates downward.
2. Evaluate Support Levels: Look for the next support zones (e.g., $0.006, $0.0058).
3. Short Opportunity: If bearish momentum persists, consider shorting with a tight stop-loss.
4. Caution on Rebounds: Beware of a potential bull trap if the market sees a sudden reversal.$NOT
Stay vigilant, as this liquidation may open the door for more volatility.