Massive $DOT Liquidation Alert
A staggering $506,000 long position was just liquidated at $6.703!
This shakeout signals major volatility in the market, catching over-leveraged traders off guard.
Key Details:
Liquidation Type: Long
Liquidation Level: $6.703
Liquidation Amount: $506,000
Next Moves to Watch:
1. Support Zone Test: Monitor if $6.703 holds as a strong support level.
A breakdown could push prices toward the next major support around $6.50.
2. Potential Recovery: If bulls regain control, resistance around $7.00 could be a key hurdle.
Recommended Stop Loss:
For those entering long positions, consider setting a stop loss around $6.50 to mitigate further downside risks.$DOT
For short sellers, a stop loss above $7.10 may offer better protection.
Stay cautious as volatility could remain high!