Long Liquidation Alert: $FTM Bulls Take a Hit!

A $50.1K long liquidation just rocked the #FTM (Fantom) market at $1.014, as leveraged traders betting on a rally got wrecked by a swift market pullback.

The volatility of crypto strikes again, leaving the bulls in shambles.

Bulls Outpaced by Market Momentum:

As $FTM approached critical support, the bears took charge, driving the price below expectations and triggering a wave of liquidations.

Long traders hoping for a breakout were left in the dust as the market turned against them.

📊 Key Numbers:

Liquidated Position: $50,100

Liquidation Price: $1.014

Token: #FTM

Why It Matters:

This liquidation underscores the high-stakes nature of trading Fantom, a token known for its rapid price moves.

With leverage amplifying risk, traders faced a harsh reminder to tread carefully in this volatile environment.

What’s Next for FTM?

Will the bears continue to push lower, testing the $1.00 psychological level, or will bulls mount a recovery to reclaim momentum?

The next move could set the tone for Fantom’s short-term trajectory.

Key Takeaway:

$FTM ’s price action highlights the need for risk management in a fast-moving market.

As liquidations stack up, both bulls and bears are on high alert for the next big shift.

#ThanksgivingBTCMoves #AIAndGameFiBoom #BinanceBNSOLPYTH #BitwiseFiles10ETFs