$OGN Long Liquidation just hit the books
Liquidation Amount $1,096.2
Liquidation Price $0.1178
What Happened
The market turned bearish as $OGN's price dropped below $0.1178, wiping out over $1K in long positions. Bullish traders faced a sharp reversal, caught off-guard by this sudden downturn.
Key Insights
Trigger A swift market decline broke critical support at $0.1178
Market Effect Increased bearish sentiment and potential panic selling among retail traders.
Whale Moves Large-scale sell-offs may have driven the drop, signaling a possible manipulation or reaction to broader market trends
What’s Next
For Short Traders Opportunities lie in continued downward momentum.
For Long Traders Look for consolidation or reversal signals to re-enter safely
Critical Levels to Watch
Support Monitor $0.1150 as the next key level
Resistance $0.1178 may now act as a ceiling in the short term.
Stay sharp $OGN's volatility could lead to further liquidations or a recovery bounce. Is this the start of a trend or a short-term shakeout? Keep your eyes peeled