$MOVE Long Liquidation Shocks Bulls!
Key Details:
Liquidation Amount: $7,148.4
Liquidation Price: $0.66733
What’s Happening:
A massive $7.1K long liquidation just rocked $MOVE as the price plunged below $0.66733.
Bullish traders were caught off guard, triggering forced sell-offs that added to the downward pressure.
This wipeout highlights intense bearish momentum in the market.
Next Move:
1. For Bears: With bulls liquidated, momentum is on your side.
If $0.66 breaks decisively, aim for support around $0.65 or lower.
Tight stop-losses will protect gains if a rebound occurs.
2. For Bulls: Be patient. Watch for signs of a recovery above $0.67.
If buyers step in with strong volume, it could signal a reversal opportunity.
3. For Neutral Traders: Wait for stabilization. If $MOVE consolidates between $0.665-$0.670, this could indicate the next breakout direction.
Pro Tip: Long liquidations often create a short-term oversold condition.
Keep a close eye on RSI and volume indicators for potential bounce plays.
"When the dust settles, the real opportunities emerge—stay sharp!"