Massive $QTUM Liquidation Alert
A significant $2,530.3 worth of QTUM was liquidated at the critical price of $3.234.
This event highlights intense market volatility, likely due to aggressive long positions getting wiped out.
Key Details:
1. Liquidation Price: $3.234
2. Size of Liquidation: $2.53K in $QTUM longs.
3. Market Sentiment: Likely bearish pressure, as longs are being squeezed hard.
Next Move:
For Traders:
Monitor Key Support Levels: $3.20 is likely a psychological threshold.
A break below this could trigger more sell-offs.
Short-Term Shorting Opportunity: If bearish momentum persists, short QTUM with proper risk management.
For Long-Term Investors:
Dollar-Cost Average (DCA): If $QTUM approaches $3 or below, it could present a strategic buying opportunity for accumulation.
Stay vigilant and watch for changes in market sentiment and trading volume.
This could signal the start of a larger price move.