Massive Liquidation Alert: $REI Hit Hard.

A long liquidation worth $13.154K just shook the market, occurring at a critical price level of $0.05511.

What Happened.

Traders holding bullish positions in $REI faced a sudden wave of selling pressure, forcing long positions to liquidate. This event marks a key level for market participants to watch closely.

What is Liquidation.

When the price drops to a level where traders cannot maintain their leveraged positions, they’re forced to sell, causing a liquidation cascade. This intensifies volatility and often brings unexpected opportunities for traders.

Key Levels to Watch:

🔹 Support Zone: If $REI can recover above $0.055, it might regain stability.

🔹 Resistance Zone: A strong barrier exists around $0.058. Bulls need to break this for a reversal.

What’s Next.

Opportunities for Traders:

Dip Buyers: Consider entering near $0.054-$0.053 for potential upside, but use tight risk management.

Short Sellers: Watch for resistance around $0.058 to add positions cautiously.

Warning: Sudden liquidations can lead to sharp price moves in either direction. Always manage your leverage wisely.

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