$ATOM Liquidated Long: $74.9K at $9.591
Big hit for ATOM traders! A massive liquidation took place at $9.591, wiping out a $74.9K long position.
This marks a key turning point in price action, with $ATOM facing serious volatility.
What's next?
After the liquidation, a potential pullback could lead to a deeper drop. Watch for price stabilization around $8.50.
If $ATOM can't hold this level, further downside may follow, possibly targeting $7.80.
Next Move?
Caution is advised. Look for short entries if resistance holds at $9.50.
Alternatively, wait for a solid break above $9.70 for bullish confirmation.
Keep monitoring volume closely for signs of a reversal!
Stay alert!
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