Massive Long Liquidation Alert!
$TRB Long Liquidation: A massive $12,319 liquidation just hit at $56.381! $TRB
This is a clear sign that volatility is escalating and the bears are taking control, flushing out leveraged positions.
What’s happening?
Liquidations like these often indicate aggressive price movement.
$TRB’s current support levels are shaky, and further downside may trigger cascading liquidations.
Traders might be taking profit or hedging, creating additional sell pressure.
Next Move?
1. Monitor Key Levels:
Closely watch support at $55 and resistance at $60. A break below support could lead to a freefall to the next critical level at $50.
2. Strategy for Bulls:
If you’re bullish, wait for confirmation of a bounce at support levels before entering long positions.
3. Strategy for Bears:
Look for opportunities to short on any failed breakout above resistance. Tight stop-losses are essential due to