Massive $HIFI Long Liquidation!
A liquidation of $1.1394K has just occurred at the critical price of $0.64121, sending shockwaves through the market! The sell-off pressure is building, and volatility is at an all-time high.
Key Details:
The liquidation level at $0.64121 hints at significant stop-loss hunts.
Momentum is leaning bearish, with cascading liquidations possible if the price breaks further key levels. $HIFI
Recent market sentiment shows hesitation among longs, with bulls retreating amid mounting pressure.
Next Move:
1. For Traders:
Short-term traders: Watch for breakdowns below $0.64. If bearish momentum continues, consider shorting with tight stops.
Reversal traders: Wait for a strong bounce or consolidation above $0.65 before entering long positions.
2. For Holders:
Reassess your positions—this move signals heightened risk. Adjust your portfolio accordingly.
Diversify or hedge against further downside with stablecoins or hedging instruments.
Crucial Levels to Watch:
Support: $0.