$CFX Long Liquidation Update: $36.236K at $0.17474

Key Details:

Long Liquidation Amount: $36.236K

Price at Liquidation: $0.17474

This massive liquidation indicates that many traders were forced to close their long positions at this price, which could create further downward pressure on the market.

Next Move Suggestions:

Caution Advised: A large liquidation often triggers further selling. The price might fall more as traders react to the liquidation.

Wait for Stabilization: If the price starts finding support or shows signs of stabilization, it could present a buying opportunity. However, be cautious of a potential continued decline.

Buy or Sell?

Sell if the price continues to show weakness or drops below key support levels.

Buy only if you see signs of a reversal, such as price holding steady above support and showing upward momentum.

Support & Resistance Levels:

Support: $0.16 (This is an important level. If the price holds here, it might bounce back.)

Resistance: $0.18 (Watch this level. If the price breaks above, it could signal a potential recovery.)

Monitor the market carefully, and always trade with risk management in mind! Liquidations can lead to fast price movements, so stay prepared.

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