Massive Liquidation Alert on $NEIRO
Total Long Liquidations: A whopping $1,486.5K liquidated!
Key Level Triggered: $0.00079626
The $NEIRO market has seen intense action, with bullish positions wiped out as the price dropped to this critical support level. With such heavy liquidations, volatility is expected to surge further.
What's Happening.
1️⃣ Long Liquidations occur when leveraged traders holding long positions fail to maintain their margin, causing forced selling.
2️⃣ Critical Breakdown: The $0.00079 level acted as a liquidation trigger, signaling aggressive selling pressure.
What to Watch Next.
Support Zone: Look for consolidation near $0.00075 - $0.00079. If this holds, we might see a reversal.
Resistance Zone: Watch out for $0.00085 - $0.00090 for a potential bounce-back rally.
Volatility Ahead: Traders should prepare for high-risk, high-reward opportunities as the market stabilizes.
What Should You Do.
Risk Management: Avoid over-leveraging and set tight stop-losses.
Opportunity: Scalpers and day traders can capitalize on quick moves in both directions!
Keep a close eye on $NEIRO it’s shaping up to be a wild ride.
What’s your next move.
Are you buying the dip or waiting for a breakout? Let us know below.
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