Massive Liquidation Alert: $PYTH Longs Wiped Out!
$PYTH just witnessed a $120K long position liquidated at $0.475, signaling a significant shift in market sentiment as the bears take control!
What’s Happening?
The price plunge triggered the liquidation of heavily leveraged longs, pushing $PYTH into a critical support zone.
With selling pressure mounting, this could be the start of intensified bearish momentum.
Key Levels to Watch:
Immediate Support: $0.470 — Bulls need to hold this to avoid further downside.
Resistance Zone: $0.490 — A reclaim here is essential for bulls to recover momentum.
Bearish Target: $0.450 — A break below this level could spark another wave of liquidations.
Implications for Traders:
Bulls: This is a wake-up call—assess your risk and wait for consolidation before reentering.
Bears: Momentum is in your favor! Keep an eye on $0.470 for potential breakdown opportunities.
Volatility Alert: PYTH’s sharp moves suggest further price swings ahead—be ready to adapt quickly.
What’s Next?
Will the bulls fight back, or is this the beginning of a deeper correction?
Stay sharp as PYTH enters high-volatility territory—this is where strategies are made or broken.
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