High-Stakes Liquidation: $FTM Long Wiped Out

A $171,000 long position on $FTM just hit the liquidation mark at $0.675, highlighting the unforgiving nature of current market conditions.

The bulls overestimated their strength, facing heavy resistance and sudden price swings that led to this massive liquidation.

Key takeaways for traders:

1️⃣ Risk Management is Key:

Ensure stops are strategically placed to avoid full liquidation.

2️⃣ $FTM Support Levels:

Watch for reactions near $0.67 to gauge potential reversals or further downside.

3️⃣ Market Sentiment:

Volatility remains high across altcoins—trade with caution.

Stay informed and adapt—FTM remains a critical watch for short-term moves and broader market implications.

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