$BOME Liquidation Alert
A $58,700 long position was liquidated at $0.00989, signaling a swift shift in market dynamics as the bulls were forced to exit.
This points to increased selling pressure and the potential for further downside.
Market Breakdown:
• Weakening Uptrend: The liquidation suggests the rally may have run out of steam, and bears could take over if the price continues to drop.
Critical Levels to Watch:
• Support: $0.00980 – A bounce here could provide a temporary buying opportunity.
• Resistance: $0.01000 – A push above this level might signal renewed bullish interest.
Next Move Strategy:
• For Buyers:
Monitor $0.00980 for a possible entry point, but be cautious of continued downward movement.
• For Sellers:
If $0.00980 is breached, short positions may target $0.00950 or lower.
Risk management is key!
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