Massive Liquidation Alert: $APE Takes a Hit.

Long Liquidation Worth $5,553.8 at $1.259.

The crypto market just delivered another blow to long traders as ApeCoin ($APE) faced a significant liquidation at the crucial level of $1.2605. A total of $5.5538K worth of longs were wiped out as the price dipped, shaking out leveraged positions

What Happened.

This liquidation marks a critical moment for $APE traders. The aggressive sell-offs pushed the price to a liquidation zone, triggering a cascade of liquidations for over-leveraged long positions.

Key Details:

Liquidation Value: $5,553.8

Liquidation Price: $1.2605

Market Sentiment: Bearish Pressure Dominates

What's Next for $APE?

1️⃣ Support Zone: Traders are eyeing $1.25 as the next potential support level. A breach below this could lead to further downside.

2️⃣ Resistance to Watch: If the price rebounds, it will likely face resistance near $1.30-$1.35.

Action Plan for Traders.

For Bulls: Watch for signs of recovery near $1.25. A bounce here could provide a short-term trading opportunity.

For Bears: Keep an eye on increased selling pressure. A break below $1.25 could trigger another round of liquidations.

Reminder: Always manage your risk, especially in high-volatility markets like $APE . Stay safe and trade wisely.

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