$HIPPO Liquidated Long: $110K at $0.0160
What happened?
A major liquidation just happened for #HIPPO where a massive $110K long position was wiped out at the price of $0.0160.
This kind of event is a reminder of how volatile the crypto market can be. When large positions are liquidated, it can trigger price drops, leading to more liquidations in a domino effect.
Traders who were holding leveraged positions got caught, resulting in this massive sell-off.
What’s next for #HIPPO ?
With this recent liquidation, there’s a chance we might see further downward pressure in the short term.
The price could dip below $0.0160 if more selling pressure comes in. However, once the liquidations are out of the way, we might see a possible rebound, especially if the broader market shows signs of recovery.
Next Steps:
Watch for stabilization: Look for signs of stabilization around $0.0150-$0.0160. If it holds this range, it could be a good point to start considering a potential reversal.
Risk management:
If you plan to enter, keep your risk in check—remember, the market can turn quickly.
Keep an eye on volume:
Rising volume could indicate that the market is finding a bottom.
This is a thrilling and unpredictable time for #HIPPO
keep your strategy tight and stay alert!