Major Liquidation Alert!
🔹 $SHIB Long Liquidated: $77.5K
🔹 Price Level: $0.0258
This liquidation reflects significant market volatility, catching traders off guard!
Such large-scale liquidations often signal a critical turning point.
What Could Happen Next?
Bullish Reversal?
If $0.0258 holds strong as support, we might see buying pressure increase, driving prices higher.
Watch for a bounce back above $0.0260 for confirmation.
Further Downside?
Failure to defend this zone could lead to more liquidations, potentially testing lower levels around $0.0250 or $0.0245.
Key Strategy:
Short-term traders should be cautious and consider tight stop-losses.
Long-term holders may find an opportunity to accumulate if the price stabilizes.
Stay sharp! The next move could be explosive.
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