Massive $XTZ Long Liquidation Alert.

A whopping $9,543.7 in long positions was liquidated for Tezos ($XTZ) at a crucial price level of $1.415.

What Happened.

The crypto market witnessed heightened volatility, pushing XTZ bulls to the brink. The price hit a key support level of $1.434, triggering a cascade of liquidations for over-leveraged positions.

Why does this matter.

1️⃣ Long liquidations occur when the price drops below the liquidation threshold of leveraged traders, forcing their positions to close automatically.

2️⃣ The liquidation value of $9.5437K is a clear sign of significant trader activity at this level.

3️⃣ Such events often mark a potential reversal zone or a continuation of bearish momentum.

$XTZ Technical Analysis

Support Level: $1.430 (next strong support zone)

Resistance Level: $1.480 (breakout zone for recovery)

Trend: Short-term bearish due to liquidation pressure

Key Questions.

Will this liquidation spark a further sell-off?

Can the bulls reclaim momentum and push $XTZ back above $1.450?

Pro Tip: Monitor this price zone carefully. Sudden liquidations often create opportunities for sharp reversals or further breakdowns. Set tight stop-losses to manage risk

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