$GMT Long Liquidation Alert

Liquidation Price Hit: $0.186 Total Liquidated Value: $20,625

The market turbulence has claimed another victim! STEPN ($GMT) faced a massive long liquidation at $0.186, wiping out $20.62K worth of over-leveraged positions as bulls failed to hold their ground.

The price of $GMT dipped below a key support level at $0.19, triggering a cascade of liquidations.

As the price broke through leveraged long positions, it added downward pressure to the market, intensifying the decline.

Traders betting on a bounce got caught off guard, leaving room for bears to take the driver’s seat.

Why It Matters:

1. Weak Bullish Momentum: The failure to defend $0.19 signals hesitancy among buyers, leaving $GMT vulnerable to further downside.

2. Bearish Control: This liquidation strengthens bearish sentiment, potentially leading to more sell-offs in the short term.

3. Market Volatility: Such moves highlight the risks of over-leverage in a volatile asset like $GMT.

Key Levels to Watch:

Support: $0.180 — the next critical level to prevent a deeper crash.

Resistance: $0.190 — reclaiming this level is crucial for bulls to

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