#MOODENG :
MOODENG Long Liquidation
Details:
Position Liquidated: $97.8K (Long)
Liquidation Price: $0.340
Key Observations:
A sharp price drop disrupted bullish sentiment, triggering a major long liquidation.
Increased selling pressure suggests market weakness in the short term.
Impact:
Volatility expected as traders reevaluate positions.
Key levels to monitor:
Support near $0.33, resistance at $0.35.
Actionable Insight:
Exercise caution as the market adjusts—potential for further downside or a sharp rebound.
Stay strategic!