Massive Long Liquidation Alert for $PHA

Whale Watch: A significant long liquidation of $1,116.9 occurred at the key level of $0.3433.

What Happened.

Traders who expected $PHA to surge upward were caught off-guard as the price dropped, triggering liquidation at this critical zone. This marks a bearish shift in the short term, shaking out overleveraged long positions.

Technical Breakdown:

Price Level: $0.3403

Volume Liquidated: $1.1169K

Cause: High leverage longs unable to sustain the downward price pressure.

Impact: Increased selling pressure may push prices lower, creating volatility.

Key Takeaways:

1. For Bulls: Watch for consolidation around $0.3400. A break above could restore bullish momentum.

2. For Bears: Eyes on a potential further drop if the $0.3400 support gives way.

3. Risk Management: Always set stop-losses to avoid liquidation in high-volatility markets.

Stay vigilant, traders.

This event highlights the risks of overleveraging, especially in volatile altcoins like $PHA

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