Massive Long Liquidation on $OM : $9.76K Wiped Out at $3.8786.

The crypto market never sleeps, and today was no exception! A whopping $9,761 worth of longs got liquidated at the crucial level of $3.86695. This shakeout proves once again how volatile the market can be!

Key Highlights:

1️⃣ Liquidation Level: $3.86695 – A critical price zone where bulls failed to defend their positions.

2️⃣ Liquidated Amount: $9.76K worth of $OM longs wiped out in seconds, fueling market volatility.

3️⃣ Impact: Long liquidations often create downward pressure as leveraged positions unwind, potentially dragging the price lower in the short term.

What’s Next for $OM

Support Zone: Watch for strong buying interest around $3.80 - $3.85. A bounce here could attract new buyers.

Resistance Level: If the price recovers, expect resistance near the $4.00 - $4.10 zone.

Bearish Scenario: A break below $3.85 could lead to further downside, with $3.70 as the next key level to monitor.

Pro Tip for Traders:

If you're bullish, look for confirmations near the $3.85 support.

Set tight stop-losses to avoid getting caught in liquidations like these!

Stay sharp, stay informed, and always trade with caution in this thrilling crypto market.

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