$BANANA /USDT Liquidation Rollercoaster!
The $BANANA /USDT market just went wild as $38,000 in long positions were liquidated at $0.0975, sending the price into a sharp pullback and rattling traders!
This sudden shift has left the market in chaos, with both bulls and bears battling for dominance.
What’s Causing the Chaos?
1️⃣ Resistance Rejection: BANANA hit a strong resistance and couldn’t break through, triggering a reversal and liquidating the long positions.
2️⃣ Long Squeeze: Liquidations accelerated the down move, as trapped longs were forced to close their positions, adding fuel to the fire.
3️⃣ Panic Selling: With the market dipping, traders rushed to sell, further intensifying the price drop.
Key Levels to Watch:
Current Price: $0.0975
Support Zone: $0.090 – A crucial level that could hold the line for bulls.
Resistance Ahead: $0.102 – Bulls need to break this to regain control and push higher.
Market Sentiment:
The market is feeling extremely volatile as forced liquidations have taken the market on a rollercoaster.
While the sell-off is intense, it could present opportunities for savvy traders who can navigate the chaos.
Thrill Factor: Off the charts! With both huge liquidations and wild price swings, $BANANA /USDT is in full play for high-risk, high-reward action!
How are you playing this?
{future}(BANANAUSDT)
#COSSocialFiRevolution #MEMEalpha #BTC93KNewATH #BitcoinETFOptions #BTC93KNewATH