Massive Long Liquidation in $WLD

Amount Liquidated: $2.1011K

Price at Liquidation: $2.095.

A significant move in the $WLD (Worldcoin) market just happened as $2.1011K worth of long positions were liquidated at a price of $2.09064. This liquidation could indicate high volatility and potential market shifts.

What Does This Mean for Traders.

Long liquidation suggests many traders who were betting on the price to rise got caught in a sudden downturn. This can lead to price fluctuations, creating potential buying opportunities for those watching the market closely.

Watch for any further price corrections or bounces around this level, as $2.09064 could act as an important support or resistance level.

If you are looking to enter a position, ensure to have your stop-loss in place, as volatility might continue in the short term.

Key Points to Watch:

If $2.09064 holds, it could signal a reversal, creating potential buying opportunities.

A break below this level might lead to further downside pressure, potentially targeting $2.05 or lower.

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