Major Alert: $COS Long Liquidation Hits the Market!
A $4.39K long liquidation just struck $COS at the critical level of $0.00917, shaking up the market and raising concerns over a potential bearish shift.
This large liquidation indicates a major loss of bullish momentum, with bears potentially taking control.
Key Details:
Liquidation Size: $4,386.5
Price Level: $0.00917
Market Insight: Long liquidations of this size often signal panic selling and could mark the start of a larger downtrend if support fails to hold.
Next Steps:
1. Watch $0.00917: This is the key support level—if it breaks decisively, expect further downside and increased selling pressure.
2. Short-term Rebound?: If buyers manage to defend this level, there could be a short-term relief rally towards $0.0095–$0.0097, a potential exit point for bulls.
3. Short Opportunities: If the market continues to show weakness and the price breaks below $0.00917, consider entering short positions with tight stop losses.
4. Volume Watch: Pay close attention to trading volume.
High bearish volume could confirm a sustained downtrend, making further short plays attractive.
Strategic Move: Exercise caution with leveraged positions and be ready for potential increased volatility.
The next few moves in $COS could define its direction for the coming days!
