$CHR Liquidation Alert:
Long positions worth $86K were liquidated at $0.265. Here's the breakdown:
Key Highlights:
Liquidation Wave: $CHR reached $0.265, causing a sharp liquidation of $86K in long positions.
Bearish Shift: The sudden drop signals possible increased selling pressure, with traders exiting positions in response to market uncertainty.
Market Volatility: This liquidation indicates heightened volatility, and price action may shift further downward.
Next Move:
Short-Term Strategy: Watch $0.250 as the next key support level. A breakdown below this could spark further declines.
Risk Management: Keep tight stop-loss orders in place and monitor for any signs of a reversal near $0.270.
Stay alert in this unpredictable market!
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