Quant ($QNT ) Long Liquidation Alert.
Amount Liquidated: $2,339.8
Liquidation Price: $118.
The crypto market has seen another thrilling liquidation wave.
Long positions on Quant ($QNT ) worth $2,339.8 were liquidated as the price hit $116.98. This highlights the volatility in QNT's price action and reflects a sudden bearish move.
Market Analysis.
Recent Price Movement: A strong rejection around key resistance levels likely triggered a cascading effect, hitting leveraged long traders hard.
Support Levels to Watch: $115 - $117 (near liquidation point), $110 for deeper corrections.
Resistance Levels: $120 - $125, where bears might struggle to maintain control.
Why This Matters.
Liquidations of this magnitude indicate:
1. Market Volatility: A sudden shift in sentiment can trigger leveraged positions to unwind.
2. Weak Longs Cleared: A healthier price foundation may be forming.
3. Opportunity: Traders can look for re-entry at critical support zones or trade breakouts above resistance.
Thrilling Trading Opportunities Ahead.
Buy Zone: $115 - $117 (if it holds as support).
Target 1: $125
Target 2: $135
Stop-Loss: Below $114
Pro Tip: Manage your leverage wisely and keep an eye on $QNT RSI and MACD indicators for potential trend reversals.
Will the bulls make a comeback, or are bears ready for another wave of liquidations.
Stay tuned for more action-packed updates.
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