$PHA Long Liquidation Alert.

Liquidation Amount: $2.8209K

Price Triggered at: $0.3509

In a stunning turn of events, a massive long liquidation of $2.82K occurred at the price level of $0.34527. This significant liquidation shows the vulnerability of positions at key price levels, indicating potential market volatility and potential shakeouts. Traders who had long positions at this level experienced a major loss as the market dipped below the critical price point.

Key Takeaways:

Magnitude of Liquidation: $2.82K in long positions wiped out.

Critical Price Level: The liquidation was triggered at $0.34527, a key support/resistance area.

Market Implication: This could be an indication of a larger market correction or a quick price bounce depending on the overall trend.

What to Watch Now:

Short-term support/resistance: Traders should look at $0.34527 as a pivotal level to either buy the dip or set stop-losses for new positions.

Price Action: A possible retracement could occur, but sustained price action below this level may signal further downside movement.

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