$NOT Long Liquidation Madness.
A massive $2,935K long liquidation has just been triggered at $0.006479. The market is showing no mercy to over-leveraged traders as volatility reigns supreme.
What Happened.
Long traders betting on a price surge for
$NOT were caught off-guard as the price dipped to $0.00647, triggering liquidations worth nearly $3 million. The liquidation reflects the high leverage and intense speculation that has become a hallmark of crypto trading.
Key Levels to Watch:
Support Zone: $0.0060 – $0.0062
Resistance Zone: $0.0070 – $0.0072
Technical Breakdown:
Current Price: $0.00647
Trend: Bearish (Short-term)
Key Indicators:
RSI: Oversold
Volume: High selling pressure
Moving Averages: Bearish crossover on shorter time frames
What's Next.
With such a significant liquidation event, expect heightened volatility in the coming sessions. Here's what traders should watch for:
Rebound Potential: If the price stabilizes near $0.0060, it might attract dip buyers, leading to a relief rally.
Further Downside Risk: A break below $0.0060 could trigger another wave of liquidations, pushing the price even lower.
Pro Tip for Traders: Always manage your leverage wisely and set tight stop-losses to protect your capital during volatile times.
Are you ready for the next move.
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