Breaking News: $ONE Long Liquidation Sparks Market Volatility!
A $2.65K long liquidation has just occurred at the key price level of $0.03038 for $ONE sending shockwaves through the market.
This liquidation suggests bearish forces are gaining strength, putting bulls on high alert.
Key Details:
Liquidation Size: $2,653.8
Price Level: $0.03038
Market Context: This event highlights a potential weakening of support at $0.03038, leaving $ONE vulnerable to further downside pressure if buyers fail to step in.
Next Moves:
1. Monitor $0.03038: If this level breaks decisively, expect further declines as bears tighten their grip.
2. Short-term Bounce?: If buyers reclaim $0.03038, a relief rally could push prices toward the $0.031–$0.032 resistance zone.
Use this as a potential exit or re-entry point.
3. Bearish Continuation Setup: A clear drop below $0.03038 could present a short-selling opportunity, targeting lower supports around $0.0295.
4. Volume and Momentum: Keep an eye on trading volume. If bearish volume intensifies, it could indicate a larger downtrend forming.
Trader’s Note: Stay cautious with leveraged positions and consider tighter stops.
Volatility may increase significantly as the market reacts to this liquidation event!