Major $DEXE Long Liquidation Alert
A long position of $2,482.8 was liquidated on DEXE at a price of $17.374 This signifies heightened market volatility, as leveraged traders faced a margin call due to price movement.
Key Details:
Liquidation Type: Long
Liquidation Size: $2,482.8
Liquidation Price: $17.3754.
Market Impact: High volatility expected around $17.37 price zone.
What’s Happening?
This liquidation indicates a drop in DEXE's price below the liquidation threshold for long traders. When a long position is liquidated, it adds selling pressure, potentially pushing the price down further in the short term.
Implications for Traders
Price Action Monitoring: Traders should closely watch price levels near $17.374
Volatility Preparation Sudden movements can occur as liquidity adjusts.
Opportunity: Volatility might create opportunities for short-term trading strategies
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