$STX has just experienced a major long liquidation of $72K at $1.865, signaling a sharp correction and a shift in market sentiment.
This liquidation reflects significant downward pressure as long positions are forced to close, contributing to the current decline.
As $STX faces selling pressure, further volatility may follow, with additional long liquidations potentially intensifying the downward move.
STX is navigating through a challenging phase, and traders should remain cautious while monitoring the market for signs of a potential reversal or continued weakness.
Keep a close eye on $STX as it works through this correction.