Major $SEI Long Liquidation Alert!
A whopping $14.404K long position has just been liquidated at the critical price point of $0.4545, signaling heightened volatility in the $SEI market.
This liquidation suggests increased selling pressure and a possible shift in market sentiment.
Key Takeaways:
Liquidation Level: $0.4545
Liquidated Amount: $14.404K (Significant for $SEI liquidity levels)
Market Sentiment: Likely turning bearish in the short term as longs are being flushed out.
What’s Next?
1. For Traders:
If you're holding longs, evaluate your stop-loss levels and consider hedging strategies.
If you're bearish, this could signal an opportunity to enter shorts, but watch for key support zones below $0.4545.
2. Support Levels: Monitor critical zones around $0.4400-$0.4450, which could act as the next bounce point.
3. **Re