$SCRT Long Liquidation Alert.

Massive liquidation in the market.

A huge $1.0333K worth of long positions got liquidated at $0.5052 This event sends shockwaves through the market as traders who went long are forced to close their positions, causing a dip in price.

What Happened.

$SCRT experienced a large-scale liquidation, with over $1,033,300 in long positions wiped out.

The liquidation price was set at $0.498, triggering a sharp pullback.

Impact on Market:

This liquidation could be a signal of larger volatility ahead. Liquidations often cause price swings, leading to opportunities for scalpers and experienced traders.

Short positions might start gaining momentum, and if the price continues to fall below $0.498, we could see further liquidations in the long positions, leading to deeper corrections.

What to Watch Next.

Support Levels: Watch for the $0.45 to $0.47 region for possible support zones. A bounce could indicate a reversal, but we need to see if buyers step in.

Resistance Levels: $0.52 could act as the next resistance if bulls are able to push back.

Be Prepared.

As always, stay alert. With long liquidations happening, we could witness more volatility in the short term. Keep an eye on the market trends and use stop-loss orders to safeguard your trades.

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