$OP Long Liquidation Alert!

Amount Liquidated: $84.9K

Price Triggered at: $1.780

The $OP market just witnessed a huge long liquidation at $1.780, wiping out a significant amount of positions.

This sudden price drop shows how quickly the market can turn, and how important it is to keep risk in check.

What’s Next?

Potential Buy Zone:

Look for a potential buy zone around $1.70 - $1.75. After the liquidation, the price might find some support here,

which could provide a good entry point for a possible bounce.

Target:

A reasonable target would be around $1.90 - $2.00, where the price could face resistance and potentially reverse.

This target takes into account previous price levels.

Stop Loss:

To protect yourself, place a stop loss around $1.60 - $1.65. This will limit your losses in case the market continues to drop below the support level.

⚡ Risk Management is Key:

Remember, liquidations can cause sharp moves, so always trade with a clear plan.

Set your stop losses, manage your position size, and never risk more than you can afford to lose.

Stay focused, trade wisely, and protect your capital! 📉

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