Major $EOS Long Liquidation Alert
Liquidation Size: $3,478.9
Liquidation Price: $0.861
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What Happened?
A significant long liquidation of $EOS occurred, indicating that leveraged traders were forced to exit positions due to price falling below $0.861.
This reflects either increased selling pressure or market manipulation.
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Key Takeaways:
1. Sentiment: Bearish momentum is dominating the market.
2. Price Action: $EOS is trending near critical support.
3. Market Impact: Possible cascading liquidations if the support zone fails.
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Next Move:
1. For Traders:
Short-term traders can look for a break-and-retest of the $0.861 level to confirm bearish continuation.
Long-term investors should wait for stabilization and signs of reversal before re-entering.
2. For Holders:
Monitor $0.850-$0.840 zone for accumulation opportunities.
Ensure a stop-loss strategy is in place to minimize risks.
3. For New Positions:
Short Setup: On bearish continuation below $0.861 with tight stop-loss above $0.870.
Long Setup: Only consider if EOS reclaims $0.900 with strong buying volume.
Stay vigilant—markets can swing quickly in such volatile conditions!