$NOT Long Liquidation Alert
Liquidation Amount $1.9923K
Price at Liquidation $0.006833
Market Action A significant NOT long position has just been liquidated at $0.006833, signaling a sharp bearish move that's shaking the market
This liquidation reflects intense selling pressure, forcing overleveraged long positions out of the game. NOT traders are now facing increased volatility, with bears taking control
Market Dynamics
Long Liquidation Impact: Such liquidations often increase downward pressure, but they can also lead to temporary oversold conditions.
Current Sentiment Bearish momentum dominates as the price heads lower, but watch for signs of stabilization or a bounce.
Key Levels to Watch
Support Zone $0.00650 A break below this could signal further downside.
Resistance Level $0.00700 A recovery above this could hint at a bullish reversal
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