$HIFI Long Liquidation Alert.

Massive Liquidation Spotted!

A total of $1,502.8K worth of has been liquidated at the price level of $0.6474.

What Happened?

Long traders betting on a price surge got caught in the market's sharp drop. The liquidation at $0.64831 indicates intense selling pressure, potentially triggered by:

Large sell orders or whale movements.

Weak market sentiment for $HIFI .

A break below critical support levels.

Key Insights

This could signal a bearish trend or act as a liquidity grab before a possible rebound.

Traders should watch closely for support zones near this price level and volume spikes to determine market direction.

What’s Next?

Support Zone: Keep an eye on $0.6200-$0.6400. A strong defense here might lead to a reversal.

Resistance Zone: If bounces, expect resistance around $0.7000.

Pro Tip for Traders:

Long traders: Wait for confirmation of trend reversal before entering.

Short traders: Manage profits and set tight stop-losses to avoid a short squeeze.

Stay vigilant, as $HIFI is experiencing heightened volatility.

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