Massive $ADA Liquidation Alert!
$70.5K Long Position Liquidated at $0.877
Cardano ($ADA ) just witnessed a sharp move, triggering a major long liquidation worth $70,500 at the critical level of $0.877.
This signals high volatility and potential bearish pressure in the market.
Important Details:
Liquidation Trigger: Price drop to $0.877.
Sentiment Shift: Bears gaining momentum after failed long attempt.
Market Condition: Potential continuation of downward pressure if support levels fail.
What’s Next?
1. Immediate Action for Traders:
For Bulls: Monitor support at $0.85; consider re-entry only after strong confirmation of a reversal.
For Bears: Watch for a clean break below $0.85 to capitalize on the downtrend.
2. Risk Management: Tighten stop losses to prevent cascading losses in these conditions.
3. Key Resistance Levels: $0.90 and $0.93 – any recovery will need to breach these zones.
Stay vigilant, as this could either be a shakeout or the beginning of a bigger trend shift!$ADA