$ARK Long Liquidation: Bulls Overwhelmed at $0.6214!
The ark market has been shaken by a significant $8.24K long liquidation, triggered at the crucial level of $0.6214.
This marks a decisive bearish move as sellers pushed prices below key support, leaving bulls struggling to regain control.
Key Details:
Liquidation Value: $8,243.50
Triggered Price: $0.6214
Market Sentiment: Bears tightening their grip.
Next Move:
Downside Risk: If bearish momentum continues, $ARK could target the next support at $0.6000, a critical threshold to watch.
Upside Potential: A recovery above $0.6300 would signal a potential reversal and invite buyers back into the market.
Suggested Stop Loss:
For longs: $0.6100
For shorts: $0.6300
$ARK is poised for a volatile ride—watch closely as bulls and bears battle for dominance!