Breaking Alert! Massive Long Liquidation in $LDO

Liquidation Details:

Amount Liquidated: $2,268.9K

Price Level: $1.821

The market has spoken, and traders witnessed a significant long liquidation at $1.82538. This means a whopping $2.26 million worth of leveraged long positions were forced to close as the price dipped below the liquidation level.

What Caused This.

High leverage: Traders betting on upward momentum likely overleveraged.

Bearish pressure: Sellers dominated, causing the price to breach key support levels.

Macro factors: Volatility in the broader crypto market could also have played a role.

Key Levels to Watch:

1. Support: If $1.825 holds, we could see a bounce toward $1.90.

2. Resistance: A strong resistance level is now forming near $1.88-$1.90.

What’s Next for $LDO

A rebound might occur if buyers defend the $1.80 zone.

However, if bearish momentum continues, we could see further drops to $1.75 or lower.

Trader’s Tip:

For long traders, ensure proper risk management with stop-losses below critical support levels. Short traders may look for opportunities near resistance areas but should beware of sudden reversals!

Stay sharp, and keep your eyes on $LDO The market action is just heating up.

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