$SCR Long Liquidation of $3.4136K at $1.00696.

What Happened.

The $SCR market just saw a significant long liquidation event, with a total value of $3.4136K wiped out as positions were liquidated around the price of $1.005. This event shook up the market, causing a swift price movement and triggering massive sell-offs.

Impact on Traders:

Long Positions Liquidated: The liquidation occurred after prices hit $1.00696, wiping out over $3.4K in long positions.

Market Volatility: This liquidation adds fuel to the ongoing volatility, creating opportunities for short traders to capitalize on the dip.

Key Levels to Watch:

$1.00696: Liquidation zone that triggered the massive drop.

Next Support Level: Be on the lookout for any signs of recovery at the next key support zone.

Shorts Take Advantage: If you’re a short trader, now could be the time to assess entry points for further price action.

What’s Next.

This liquidation is a signal of intense market movement. Watch out for potential bounce-back opportunities or continued downtrend as liquidated positions create an unstable market. Traders beware—things could get volatile fast.

Tip for Traders: Always set your stop-loss orders to avoid being caught in major liquidations. As the market fluctuates, being prepared for both long and short opportunities is crucial. The $SCR market is showing signs of dramatic shifts be alert.

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