$SXP Long Liquidation just occurred
shaking the market
Liquidated Amount $3,044.3 USD
Liquidation Price $0.3125
The intense sell pressure sent long traders scrambling as plunged to this pivotal level. The liquidation signals heightened volatility and a challenging environment for leveraged positions
Market Analysis
Key Support Breached $0.3125 may now act as a resistance zone, potentially paving the way for further declines if bears maintain control
Volatility Spikes Such large liquidations often increase short-term price swing brace for sharp moves
Potential Rebound If bulls reclaim $0.3125 we could see a short term bounce. Watch for accumulation signs
What Traders Should Do
Tighten your stops to limit risk in this volatile phase