$AXS Long Liquidation Alert: $3.52K Wiped Out at $6.03321
The market just saw a critical liquidation in Axie Infinity ($AXS longs worth $3.5234K at a key price level of $6.03321
. This sharp move reflects heightened volatility and a possible breakdown of key support levels.
Key Highlights:
Long Liquidation: Indicates bearish momentum dominating in the short term.
Critical Price Point ($6.03321): This level could now act as resistance, making recovery challenging.
Volume Surge: Liquidations often accompany increased trading activity, signaling potential follow-through moves.
What’s Next?
1. For Bulls: Watch for a strong reclaim of $6.03321 with increased volume before entering. Otherwise, it might be safer to stay on the