Major Liquidation Alert:$COW Takes a Hit!
A staggering $78.7K worth of COW longs was just liquidated at a pivotal price of $0.680!
The market bulls have been caught off guard, fueling a sudden wave of volatility in this lesser-known gem.
Long Squeeze in Action:
Bulls were betting on a rise, but the market turned against them, causing a cascade of liquidations.
Key Support Breached:
The $0.680 mark appears to have been a critical level, and its break triggered a sharp downside move.
→ Why It Matters
1. Volatility Spike:
Such large liquidations in altcoins like $COW suggest heightened speculative activity.
2. Market Sentiment:
This liquidation hints at bearish pressure, at least in the short term.
3. Trading Lessons:
The unpredictable nature of altcoin moves underscores the need for proper risk management.
Watch These Levels:
Can the price reclaim $0.680 as support?
Will bearish momentum drive prices even lower?
Stay Alert:
Altcoins like $COW are highly volatile. Use stop-loss orders and keep your risk in check!
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