$PIXEL Long Liquidation Alert.
Total Liquidation: $15.921K
Liquidation Price: $0.1629
The market just saw a massive long liquidation on $PIXEL with a whopping $15.921K position getting wiped out at the liquidation price of $0.1619. This could be a major turning point for the coin as traders are forced to close their positions, adding more volatility to the market.
What Happened.
As the price of $PIXEL dipped, long positions began to get squeezed, leading to the massive liquidation. This action often triggers further downward pressure, especially when such large amounts are involved. It’s a wake-up call for traders that markets can turn quickly, and the risk is always real.
Key Takeaways.
Liquidation price: $0.1619 – This is where the selling cascade began.
Total liquidated value: $15.921K – A significant chunk that could have an impact on the short-term market movement.
What’s next. The price could either face further downward pressure due to additional stop-losses getting triggered or could potentially bounce back if buyers step in at lower levels.
If you're watching $PIXEL, this could be a crucial level to watch for further action or potential support at the current price levels.
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