$ALGO Long Liquidation Alert.

The crypto market just saw a huge $4.6051K liquidation in $ALGO longs at a price of $0.3244.

Key Details:

Liquidation Amount: $4,605.1K (that’s millions.

Liquidation Price: $0.3256

Trade Position: Long positions getting wiped out.

This huge liquidation comes as $ALGO faces volatility, with longs being forced to close their positions at a critical support zone near $0.3244. Many traders who were betting on upward movement have now been caught in this massive shakeout.

What does this mean for the market.

Massive price swings ahead as liquidations trigger more sell-offs.

We could be seeing a short squeeze soon if the market stabilizes above the current level.

Volatility remains high, so keep an eye on the support/resistance zones to avoid getting trapped in the next wave.

Technical Outlook:

Next Support Zone: $0.30 (watch for buying interest here).

Resistance Level: $0.35 (if the market recovers.

Stay cautious: Liquidations like this can signal a potential reversal or extended volatility.

For traders: Be vigilant and ensure your stop-loss is tight to avoid being caught in another liquidation trap. As always, manage risk wisely.

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