#MEW Long Liquidation ALERT!
$58.8K Long Position Liquidated at $0.009682!
In a shocking market move, $58.8K of #MEW long positions were completely wiped out at $0.009682! Bears stepped in aggressively, sending the price crashing and triggering a cascade of liquidations.
What Sparked the Drop?
Bearish Takeover: A sharp downturn caught over-leveraged longs off guard.
Liquidity Hunt? Was this a calculated move by whales to clear out vulnerable positions?
Market Sentiment Shift: With this liquidation, are we heading into a deeper correction or will bulls attempt a comeback?
Critical Levels to Watch:
Support: $0.0095鈥攃an this zone provide a floor for a potential bounce?
Resistance: $0.0098鈥攚ill bulls struggle to reclaim this level?
For Traders:
馃憠 Risk management is key鈥攄on鈥檛 get caught in the liquidations!
馃憠 Keep leverage in check鈥攑rotect your capital.
馃憠 Watch for signs of reversal鈥攐pportunities often come after major shakeouts.
The MEW market just took a wild turn鈥攚ill the bulls regroup, or is the downtrend here to stay?
Stay alert!