$POL Liquidation Alert
A $56,300 long position was liquidated at $0.705, signaling that bullish momentum has faltered.
Sellers seem to have taken control, suggesting possible downside in the short term.
Market Overview:
• Bearish Pressure: This liquidation indicates that the buyers couldn't hold their positions, leading to a sharp move lower.
Important Levels to Watch:
• Support: $0.700 – A strong test of this level could lead to a potential rebound.
• Resistance: $0.715 – Bulls need to push above this to regain control.
Next Moves:
• For Buyers: Consider waiting for a confirmed bounce at $0.700 before re-entering, with tight stop-losses in place.
• For Sellers: If $0.700 fails, shorts might be an option with targets around $0.690 or lower.
Keep risk management at the forefront!
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