Massive Liquidation Alert:
A $476K long position on Conflux ($CFX ) was liquidated at the critical price of $0.231.
This sharp movement reflects high volatility in the market and could signal a shift in momentum.
Key Observations:
Such large liquidations often trigger further price swings.
Bears seem to have control, driving prices down toward key support zones.
Strategic Move:
Watch for $0.225--$0.227 as potential support. If this level holds, a bounce could occur.
If it breaks below $0.225, further downside toward $0.215 is possible.
• For traders: Short-term scalpers might target breakdowns,
while swing traders could wait for confirmation of trend reversal before entering long positions.
Stay vigilant; $CFX is in a volatile phase.
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