Massive Liquidation Alert.

$GMT Traders Wiped Out.

A stunning $5,620.3 worth of long positions just got liquidated at the critical price of $0.1629.

This marks a dramatic shift in market sentiment as buyers failed to hold the line, leading to intense selling pressure.

What Happened.

Long liquidations occur when traders betting on price increases (long positions) are forced to exit due to falling prices. This liquidation at $0.16313 shows a lack of buying momentum, as sellers dominated the scene, triggering cascading stop-losses and margin calls.

Key Insights:

Price Level: $0.16313

Liquidation Amount: $5.6203K

Market Sentiment: Bearish (short-term)

What’s Next for $GMT

The market may see:

1. Further Downside: If selling pressure continues, we might test lower support zones.

2. Reversal Opportunity: Buyers could step in to defend critical support levels, creating a potential bounce zone.

Watch These Levels:

Support: $0.1600 (psychological level)

Resistance: $0.1700 (short-term target for a bounce)

For Traders:

Buy Zone: $0.155 - $0.160 (if support holds).

Stop-Loss: Below $0.150.

Target Levels: $0.170, $0.175.

Stay alert, stay sharp, and trade wisely. The volatility in $GMT is far from over.

#GMT/USDT #CryptoReboundStrategy #AIAgentFrenzy #SUIHitsATH #BitcoinHashRateSurge