Long Liquidation Alert for $CETUS

A massive $4,945.7 worth of long positions were liquidated at the price level of $0.3096. This marks a significant shake-up in the market, potentially indicating a wave of volatility ahead.

What Does This Mean.

Long Liquidation occurs when leveraged traders betting on a price increase are forced to sell their positions as the price drops, triggering stop-loss or margin calls.

The price of $CETUS faced selling pressure, likely due to bearish market sentiment or large sell-offs.

Key Market Levels to Watch:

1. Support Zone: If the price sustains above $0.3050–$0.3080, we could see some recovery.

2. Resistance Zone: If the price rebounds, watch out for resistance at $0.3200–$0.3250.

Next Steps for Traders:

For Bulls: Look for potential buying opportunities around the $0.3050 support zone with a tight stop-loss below $0.3000.

For Bears: Monitor any rebound as an opportunity to short around resistance levels.

Stay cautious and monitor $CETUS closely, as such liquidation events often lead to sharp price movements.

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