$TIA Long Liquidation: $5.8044K at $6.6336!

Details:

Liquidation Type: Long Position

Amount Liquidated: $5.8044K

Liquidation Price: $6.6336

What Happened?

TIA faced selling pressure, pushing its price below critical levels.

This led to the forced closure of long positions, adding to the downward momentum.

What’s Next?

1. Key Levels to Watch:

Support Zone: $6.50 – If this holds, buyers might step in for a rebound.

Resistance Zone: $6.80 – Any recovery could stall here.

2. Market Sentiment:

Bearish Outlook: The liquidation indicates weak buying support, signaling potential further declines.

Next Target: If the price breaks below $6.50, $6.20 could be the next level to watch.

3. Strategies for Traders:

For Bulls: Wait for a strong bounce above $6.50 before considering long positions.

For Bears: Look for opportunities to short below $6.50, targeting $6.20.

Conclusion:

The long liquidation reflects bearish control. Traders should monitor the $6.50 support closely,

as a break below could trigger further downside movement. Stay cautious and manage risks carefully.

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