$STEEM Long Liquidation Alert: $1.2048K at $0.28064
Market Pressure: A long position worth $1.2048K on STEEM has been liquidated at $0.28064, signaling intensified selling pressure and growing bearish momentum.
What This Indicates:
Bearish Turn: The liquidation points to weakening confidence in upward price movement, with sellers potentially dominating the market.
Volatility Alert: Liquidations of this magnitude can trigger a chain reaction, leading to sharper price swings.
Key Levels to Monitor:
Support: Look for potential stabilization near $0.27, a critical level to avoid deeper declines.
Resistance: A recovery will need to overcome $0.30, a psychological and technical barrier.
Stay cautious in the face of such volatility. Ensure tight risk management to weather these unpredictable market moves!