Major $FLOW Long Liquidation Alert!
A $1.8833K liquidation was triggered at the price level of $0.813.
This significant move suggests that bullish leverage traders have been caught off-guard as $FLOW's price faced downward pressure. The cascading effect of liquidations may amplify further price volatility in the short term.
What Does This Mean?
1. Bearish Momentum: Sellers are currently dominating, pushing $FLOW to retest lower support levels.
2. Market Sentiment: A large liquidation indicates potential over-leveraging by bulls. This could result in further downward spirals if panic selling continues.
3. Critical Support Zone: If $FLOW fails to hold above $0.80, it may test deeper support levels.
Next Moves for Traders
1. For Bulls:
Avoid over-leveraging positions; consider waiting for a confirmed bounce near the $0.80 support level.
Set tight stop-losses to minimize risk if bearish
