Market Jolt: $XVG Long Liquidation of $1.1176K at $0.01376!
Verge $XVG has just faced a $1.1176K long liquidation at $0.01376, sparking heightened market volatility and raising alarm bells for bulls.
This liquidation reflects intensified selling pressure and a possible breakdown of critical support levels.
Key Details:
Liquidation Amount: $1,117.6
Liquidation Price: $0.01376
Market Sentiment: Increasing bearish momentum as buyers fail to defend key zones.
Next Moves:
1. For Long Traders:
Keep a close eye on $0.0135, the next major support zone.
If breached, consider scaling back positions to avoid further losses.
2. For Short Sellers:
Target downside continuation below $0.0135 with volume as confirmation.
Look for profit-taking opportunities around $0.013 or lower.
3. For Swing Traders:
Wait for a clear bounce or capitulation before entering any positions.
Use technical tools to identify oversold conditions.
4. Risk Management:
Tighten stop losses; volatility in this range could trigger sharp reversals.
Will $XVG find support to stabilize, or is another leg down on the horizon?
Stay sharp—this is a critical moment for the market!