$DOT Long Liquidation: $98.6K at $9.933

A $98.6K long position on Polkadot (DOT) was liquidated at $9.933, signaling a major shift as bulls lose their grip.

This liquidation at a key price level could signal a trend change in the market.

Key Observations:

The failure to hold above $10 has opened the door for bears to take control.

Such a large liquidation often sparks further sell-offs, leading to increased volatility.

Next Steps for $DOT :

• Support Level: $9.80 will be crucial. If $DOT holds this level, a possible bounce could occur.

• Downside Target: If the pressure continues, $9.50 could be the next target for bears.

• Resistance: Any recovery above $10.10 could suggest a bullish reversal.

Pro Tip:

For short-term traders, consider shorting rallies if $9.90 doesn’t hold.

For those with a longer-term view, waiting for a clear bottom formation at lower levels may provide a safer entry.

The market is shifting—be ready for possible volatility and adjust your strategy accordingly!

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