Major Long Liquidation Alert for $REZ

Massive Liquidation: A whopping $1.125K long position has just been liquidated at a critical price level of $0.03455.

This intense move highlights heavy pressure on $REZ bulls, suggesting significant market volatility. The liquidation at this level indicates that long traders were caught off guard, unable to sustain their positions.

What Happened.

1. Price Movement: The market saw a sharp downward price movement, hitting a crucial support level at $0.03454, triggering liquidations.

2. Liquidation Impact: Such events often lead to increased selling pressure as traders exit positions, creating a snowball effect.

3. Market Sentiment: Bearish momentum is evident as bulls fail to defend their positions.

Analysis for Traders.

Support Level: Keep an eye on $0.03400 – if breached, it may open the floodgates for further downside.

Resistance Zone: Bulls need to reclaim $0.03600 to regain control and stabilize the market.

Next Move.

For Bulls: Look for opportunities near $0.03350–$0.03400 to enter, with a tight stop-loss at $0.03250.

For Bears: Consider shorting if $0.03400 breaks decisively, targeting $0.03250 or lower.

Pro Tip: Always use proper risk management and monitor liquidation levels to avoid getting liquidated.

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