Critical Market Alert:
Long Liquidation on $CFX !
$CFX Liquidated Long:
$59,000 Position Liquidated!
Liquidation Price: $0.181
The Conflux market has claimed another victim as a $59K long position was liquidated at a key support level of $0.181.
This sharp move highlights intense market volatility and possible signs of upcoming directional momentum.
Key Technical Insights:
Support Breach: The liquidation indicates a potential breakdown of short-term support near $0.181.
Watch for further bearish pressure if this level flips into resistance.
Volume Spike: The sharp liquidation suggests increased activity—often signaling the start of a bigger move.
Next Levels to Watch:
Downside: $0.165 - $0.170 (historical demand zone).
Upside: Recovery to $0.195 if bulls reclaim momentum.
Strategic Focus for Traders:
Short-Term Traders: Monitor price action and volume at $0.181 for confirmation of a breakout or bounce.
Swing Traders: Prepare for potential re-entry opportunities on oversold conditions or at the next demand zone.
Risk Management: Tighten stop losses and avoid oversized positions as volatility remains elevated.
Stay sharp—$CFX markets are primed for high-impact moves!
Ready to go short, or are you watching for a bullish reversal?
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