$STX Liquidated Long: $58.1K at $2.190

A significant long liquidation signals

heightened volatility around the $2.19 level.

This could indicate a potential shift in market dynamics.

Market Analysis:

Current Price Action: The liquidation at $2.19 may trigger further downside as leveraged positions unwind.

Support Levels:

Immediate: $2.10

Critical: $2.00

Resistance Levels:

Immediate: $2.25

Key: $2.30

Next Move Scenarios:

1. Bearish Continuation:

Break below $2.10 could accelerate selling, targeting $2.00 or lower.

Watch for increased sell volume or more liquidations as confirmation.

2. Bullish Rebound:

If buyers defend $2.10 or $2.00, a short-term rally may test $2.25.

A higher low above $2.10 could confirm

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