$HBAR Long Liquidation Alert!
Amount: $5,005.2K
Price Liquidated At: $0.3009
A massive $5.01M long position on HBAR has been liquidated at $0.3009, shaking the market with intense selling pressure.
This significant event signals a critical breakdown for the bulls, leaving the door wide open for further bearish momentum.
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Key Insights:
1. Critical Support Breach: The liquidation at $0.3009 indicates a collapse of a crucial psychological level, now acting as resistance.
2. Volume Surge: Such a high liquidation amount reflects panic among bulls, potentially cascading into further liquidations or stop-loss hunts.
3. Bearish Sentiment: This liquidation could embolden bears to push the price lower, targeting key support levels.
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Next Move:
For Bears:
Entry Point: Consider shorting if $HBAR fails to reclaim $0.3010.
Stop Loss: Place a stop above $0.3100 to limit risk.
Profit Target: Look for the next support zones at $0.2900 and $0.2750.
For Bulls:
Wait for Confirmation: Avoid entering long positions unless $HBAR recovers above $0.3050 with strong volume.
Stop Loss: Use a tight stop below $0.2980 to manage downside risk.
Profit Target: If momentum shifts, aim for resistance levels at $0.3200 and $0.3350.
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Conclusion:
This liquidation event could signal the start of a bearish trend, but a swift recovery above $0.3010 might catch sellers off guard.
Stay vigilant and keep an eye on key price levels for your next move!