$OP
Liquidated Longs - $56.2K Wiped Out!
In a dramatic twist, a $56.2K long position on $OP met its demise at $1.751, as the market’s bearish grip proved unrelenting. Traders betting on upward momentum were caught off-guard, triggering a cascade of liquidations.
What’s Driving $OP?
Momentum Shift: The downward pressure suggests a break in confidence among bulls.
Key Levels:
Support: Critical support lies at $1.700—a breach could accelerate losses.
Resistance: Recovery attempts will face hurdles at $1.800.
Volume Insight: The sell-off indicates heightened activity, hinting at potential follow-through in either direction.
Is this the calm before a bullish resurgence, or will the bears tighten their grip further? Stay sharp—$OP is in the danger zone!