$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