$SAGA Faces Major Long Liquidation – $4.3132K at $1.932

A significant liquidation event has rocked SAGA, with $4.3132K worth of long positions getting wiped out at a price level of $1.932.

Such liquidations occur when traders, often using high leverage, are forced to close their positions due to price movements triggering margin calls.

This sudden wipeout raises questions: Is this a natural correction, or are larger players manipulating the market to shake out overleveraged traders before a potential move?

Long liquidations often signal intense volatility and can be followed by sharp recoveries or continued downward momentum, depending on market sentiment and overall conditions.

For traders watching $SAGA A, this is a reminder of how quickly leverage can turn from opportunity to risk.

Market shakeouts often test conviction—will the bulls regroup, or are the bears in full control?

Eyes are on $SAGA as it faces a critical moment. Stay vigilant, and let the price action tell the story.

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【2024-9-14 Shanzhai Analysis: SAGA】
The current trend of this variety is that the daily line is washing the market. This kind of washing shock is caused by the dealer. Often after this kind of washing, there will be a big market trend. As for whether it is short or long, we don’t know.

When encountering this kind of washing, we can wait and see first, and then enter the market after the 1-hour and 4-hour buying points are released. This kind of shock area will generally hit the high of the shock area and then go down and hit the low.

Shock area: 1.7518-0.8955 will hit the stop loss back and forth. If this shock area is broken, there will be a big market. Recently, we only need to pay attention to the small cycle of this variety and the trend of the market to understand whether to go long or short. The overall market is currently going long.
If you go long in this wave, you can see: 1.8570-2.2571. These two places are for profit taking or reducing positions (warm reminder: if you don’t understand the market, try not to choose altcoins)

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