$DEGO EN Long Liquidation Alert!
A $7,692.1 liquidation occurred at $0.0161 for DEGEN longs,
showing strong selling pressure. Bulls failed to hold their ground, leading to this sharp drop.
What This Signals:
1. Bearish Momentum: Sellers are dominating the market, forcing liquidations.
2. Weak Support: Buyers couldn’t defend key levels, indicating potential further declines.
Key Levels to Watch:
Support: $0.0150 - A break below could accelerate the downtrend.
Resistance: $0.0170 - Bulls need to reclaim this for any recovery.
Next Steps:
1. Traders: Look for short opportunities if DEGEN stays below resistance.
2. Investors: Wait for the market to stabilize before considering long-term positions.
3. Risk Tip: Use strict stop-loss levels to manage risks in volatile conditions.
Stay alert—DEGEN might see more turbulence ahead!
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