High-Stakes Liquidation: $FTM Long Wiped Out
A $171,000 long position on $FTM just hit the liquidation mark at $0.675, highlighting the unforgiving nature of current market conditions.
The bulls overestimated their strength, facing heavy resistance and sudden price swings that led to this massive liquidation.
Key takeaways for traders:
1️⃣ Risk Management is Key:
Ensure stops are strategically placed to avoid full liquidation.
2️⃣ $FTM Support Levels:
Watch for reactions near $0.67 to gauge potential reversals or further downside.
3️⃣ Market Sentiment:
Volatility remains high across altcoins—trade with caution.
Stay informed and adapt—FTM remains a critical watch for short-term moves and broader market implications.
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