$ORDI Breaking News in Crypto: Long Liquidation Spotted.

A massive $1.56K worth of long positions just got liquidated at the critical price of $26. 03.

What does this mean.

This liquidation occurred due to intense selling pressure, causing leveraged traders to lose their positions.

It highlights a significant moment where buyers failed to hold ground, leading to cascading sell-offs.

Market Sentiment:

Such liquidations often signify a bearish undertone in the short term. However, they can also create opportunities for price rebounds once weak hands are flushed out.

Technical Insight:

If $25.99 fails as support, we might see further downside toward $24.50-$23.00.

Bulls must reclaim $27.50 to regain control, paving the way for higher targets at $30.00 or beyond.

Opportunities for Traders:

For Long Entries: Watch for signs of accumulation around $24.50-$23.00.

Stop-Loss: Set tight stops below $22.50 to manage risk.

For Shorts: Look for rejection near $27.50 to aim for lower targets.

Stay alert, as the market could swing rapidly from here.

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