$COW Long Liquidation: $4.9533K at $1.04853
At $1.04853, a total of $4.9533K in long positions was liquidated, signaling a shift in market sentiment as bearish pressure mounts.
Key Insights:
Bearish Push: Sellers are gaining control, causing a significant pullback in price.
Volatility Rising: Liquidations like this can lead to more volatile price action ahead.
What’s Next for #COW
Downside Risk: If selling continues, look for potential support around $1.035-$1.040.
Reversal Watch: A move above $1.05 could indicate a possible recovery back toward higher levels.
The market is turning—will you adjust your strategy or stay on the sidelines?