$MDT Long Liquidation: $38.1K at $0.0689!
Details:
Type: Long Position Liquidation
Liquidated Amount: $38.1K
Price Level: $0.0689
What Happened?
MDT's price drop led to $38.1K in long liquidations at $0.0689,
as buyers were forced to exit their positions. This sharp movement indicates strong bearish momentum and intensified selling pressure.
What’s Next?
1. Key Levels to Watch:
Resistance: $0.070 – If buyers return, reclaiming this level could hint at recovery.
Support: $0.065 – A breakdown here could push prices further toward $0.060.
2. Market Sentiment:
Bearish: The liquidation highlights selling dominance.
Next Target: If support breaks, MDT may slide toward the $0.060 range.
3. Action Plan for Traders:
For Buyers: Wait for a bounce near $0.065 to minimize risk.
For Sellers: Look for rejections at $0.070 to plan short positions.
Conclusion:
The $38.1K liquidation underscores MDT's price weakness, with sellers leading the market.
Traders should monitor $0.065 and $0.070 closely for potential breakouts or further declines. Be cautious during high volatility!