$SHIB Long Liquidation Alert!
A $61.6K long position has been wiped out at $0.0295, signaling a sudden shake-up in the SHIB market.
Long liquidations often occur when buyers fail to hold support, leaving the market vulnerable to further drops or rapid reversals.
Key Takeaways:
The liquidation at $0.0295 shows a critical support level under pressure.
Momentum has turned cautious, with traders likely re-evaluating positions.
Strategic Insights:
• Bearish risk: If $SHIB falls further below $0.0295, it could aim for $0.0280, a key support level.
Watch for increased selling volume here.
• Recovery potential: A bounce back above $0.0300 could attract fresh buying interest, with possible targets at $0.0312-$0.0320.
The next 24 hours will be crucial.
Stay sharp—whether it’s a breakdown or rebound, SHIB is primed for action!
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