$COMP Long Liquidation Alert!
A $9.4669K long position was liquidated at $105.68, signaling selling pressure as buyers lost momentum. Here’s what’s happening and what to watch next:
What’s Happening?
Long Liquidation: Indicates weakness as bulls failed to hold key levels.
Bearish Sentiment: Sellers are currently in control, pushing the price lower.
Key Levels to Watch
Support: $102.00 – Critical level where buyers might step in to stop further decline.
Resistance: $108.00 – Bulls need to reclaim this for recovery.
What’s Next?
For Long-Term Holders: Wait for signs of a bounce or stability near support.
For Traders:
Look for a bounce from $102.00 to confirm buying strength.
Manage risk with stop-losses if the price falls below support.
Market Context
Further long liquidations could push prices lower. Watch volume and overall market trends for signs of reversal or further downside.
#COMP needs buyer momentum to recover—keep your eyes on key levels!