$GMT Long Liquidation Alert.

A massive $1,037K long position just got liquidated at the critical level of $0.1618.

This major liquidation signals a potential shake-up in the market, and here’s what you need to know:

What Happened.

$GMT (STEPN) faced a heavy liquidation of long positions, indicating a sudden downward price movement or increased volatility.

The key level of $0.16513 acted as the liquidation trigger, likely due to leveraged traders getting caught off guard.

Market Sentiment:

A liquidation of this magnitude reflects bearish pressure in the short term.

Leveraged longs couldn’t hold their ground, signaling caution for bullish traders.

What’s Next.

This event could lead to two potential outcomes:

1. Continuation of Downtrend: If selling pressure persists, GMT might test lower support levels.

2. Reversal Opportunity: After such heavy liquidations, markets sometimes bounce back as oversold conditions lure in buyers.

Key Levels to Watch:

Immediate Resistance: $0.175 - A break above could indicate recovery.

Support Zone: $0.150 - If breached, further downside could follow.

Critical Zone: $0.140 - A potential bottom for reversal.

Trading Tips.

For Bulls: Wait for confirmed support before entering long positions.

For Bears: Trail your profits and watch for signs of exhaustion.

Use tight stop-losses to navigate the volatile conditions.

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