$JUP Long Liquidation Alert.

A huge liquidation has taken place in the market, with a staggering $1.647K in long positions getting liquidated at the price of $0.8534.

This is a major event for traders, signaling potential shifts in market sentiment.

If you're involved in trading or planning to enter, here’s what you need to know:

Key Details:

Liquidation Amount: $1.647K

Price at Liquidation: $0.85072

Type of Position: Longs getting wiped out

Impact on the Market:

The long liquidation at this price level indicates strong selling pressure that could potentially drive the price lower, or at the very least cause increased volatility.

This is a cautionary signal for those holding long positions as the market may see further corrections or even larger sell-offs depending on how traders react.

LTrading Insight:

Watch for Support Levels: Key support for $JUP could form around $0.85, but a further drop below this level could lead to a retest of even lower levels.

Monitor Liquidation Triggers: Keep an eye on liquidation zones and the open interest of long positions to assess the market’s sentiment.

Caution for Traders: If you're still holding $JUP longs, consider tightening stop-losses around $0.85 or below, as this liquidation shows that market momentum could be shifting quickly.

Stay informed and make sure to adjust your strategies accordingly.

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