$FET Long Liquidation Alert
The $FET market just witnessed a $2,383.3 liquidation at the key level of $1.25239!
This signals growing volatility as leveraged positions get wiped out.
Key Details:
Asset: $FET
Liquidation Type: Long
Liquidation Value: $2,383.3
Liquidation Price: $1.25239
Market Implications:
Bearish Momentum: The liquidation suggests longs failed to hold ground, increasing selling pressure and exposing the market to further downside.
Key Levels to Watch: If $1.25 fails as support, expect a possible drop toward the $1.20-$1.22 range, which could act as the next defense zone for bulls.
Suggested Next Moves:
1. For Traders:
Short Opportunities: A confirmed break below $1.25 could offer a short setup. Use stop-losses around $1.26 to manage risk.
Bounce Strategy: Look for signs of recovery above $1.255 for potential quick upside trades.
2. For Investors:
Consider waiting for the $1.20 range to see if the market stabilizes before making fresh entries.
3. For Observers:
Track order book activity and volume spikes. A significant sell-off could suggest more downside, while strong buy-side activity near $1.25 could signal accumulation.
$FET is at a critical juncture—stay vigilant and plan your next move strategically!
