$SHIB Long Liquidation Alert: $69.7K at $0.0293
A $69.7K long position on Shiba Inu (SHIB) was liquidated at $0.0293, signaling intense downward pressure as bulls failed to defend key support.
This marks a critical turning point for $SHIB in the short term.
Current Market Situation:
The liquidation indicates weakening buyer strength and increased dominance from sellers.
Volatility could rise as traders react to this significant shakeout.
Next Possible Moves:
Support Levels: If $SHIB drops further, look for a test of $0.0288-$0.0290.
Recovery Potential: A quick rebound above $0.0300 might attract fresh buying interest.
Pro Trading Tips:
Scalpers can focus on short-term trades near support zones, but risk management is crucial.
Swing traders should wait for clearer signs of stability before committing to long positions.
Stay sharp—#SHIB is entering a decisive phase where trends can shift rapidly!