Breaking: $DF Long Liquidation at $0.08668
A dramatic $1.8011K long liquidation has just occurred at $0.08668, shaking up the $DF market and revealing intense selling pressure.
This event could be a sign of a shift in market sentiment, potentially leading to more volatility ahead.
Key Insights
1. Liquidation Size: $1.8011K—indicating significant long exposure being liquidated.
2. Critical Price Point: $0.08668, signaling a potential reversal or bearish momentum.
Next Move
For Long Positions:
Tighten your stop loss below $0.085 to protect against a deeper pullback if the market continues to weaken.
Watch the $0.085-$0.087 zone closely for signs of support or further breakdown.
For Short Positions:
Consider entering shorts as the market shows signs of weakness, with a stop loss just above $0.09 to manage risk.
Look for further opportunities to short if the price fails to reclaim $0.088.
Market Outlook
The liquidation could trigger further price declines if the bears continue to dominate. $DF
Monitor the $0.085-$0.087 range for signs of support, but stay cautious for any reversal attempts.