$DF Long Liquidation: A Shockwave Through the Market!
A dramatic $1,095 worth of long positions in DF was liquidated at the $0.08768 level.
This sudden liquidation suggests increased selling pressure, leaving bulls in a vulnerable position.
Key Takeaways:
Liquidation Amount: $1,095 – a clear sign of longs exiting under pressure.
Critical Level: $0.08768 now acts as a resistance zone, signaling bearish momentum.
Market Sentiment: Bears are in control, driving the price lower.
Next Move:
1. Bearish Continuation: If $DF fails to reclaim $0.08768, it may test lower levels like $0.085 or even $0.082.
2. Bullish Reversal Watch: A strong reclaim of $0.08768 with high volume could signal a recovery.
Stop Loss Strategy:
For short positions, set a stop-loss above $0.089 to protect gains.
For long positions, use a stop-loss below $0.085 to manage risk.
The battle between bulls and bears is intensifying.
Keep an eye on volume and market trends—$DF next move could be decisive.