$COW Long Liquidation Alert!

A $5.9197K long position was liquidated at $0.81561, showing weakness as buyers were forced to exit.

Here's what it means and what could happen next:

What’s Happening?

Long Liquidation: Selling pressure pushed the price lower, squeezing longs.

Bearish Sentiment: Sellers are currently in control, creating short-term downside risk.

Key Levels to Watch

Support: $0.8000 – A crucial level where buyers might step in.

Resistance: $0.8300 – Bulls need to reclaim this to regain momentum.

What’s Next?

For Long-Term Holders: Wait for price stability near $0.8000 before making moves.

For Traders:

Look for a bounce from $0.8000 as a sign of recovery.

Use stop-losses below support to manage risk.

Market Context

If buyers fail to defend support, the price could move lower. Monitor volume and market sentiment for any signs of a reversal.

COW needs buyer strength to recover—watch support at $0.8000 carefully!

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