$STX Long Liquidation: $19.74K at $2.44551!

Details:

Type: Long Position Liquidation

Liquidated Amount: $19.74K

Price Level: $2.44551

What Happened?

STX faced a sharp price drop, leading to long position liquidations at $2.44551.

The sell-off increased downward pressure, pushing prices further down.

What’s Next?

1. Key Levels to Monitor:

Resistance: $2.50 – A recovery above this level could ease bearish pressure.

Support: $2.40 – Holding here may prevent further downside.

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2. Market Sentiment:

Bearish: Long liquidations signal weak buyer control.

Next Target: If $2.40 breaks, prices might slide toward $2.30.

3. Action Plan for Traders:

For Buyers: Wait for stability near $2.40 before entering long positions.

For Sellers: Use rallies toward $2.50 as an opportunity to add short positions.

Conclusion:

STX’s downward move puts pressure on bulls, with liquidations intensifying selling momentum.

Watch $2.40 closely for signs of stability. Stay cautious and trade strategically!

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