$EOS Long Liquidation: $129K Cleared at $1.381 – Bearish Reversal Unfolds

EOS experienced a sharp decline to $1.381, triggering the liquidation of a massive $129K long position. This sudden drop highlights the volatile nature of the market, with long traders caught off guard as the bearish pressure intensified.

Key Highlights:

Reversal Surge: EOS struggled to maintain upward momentum above $1.400, facing resistance that led to a sharp sell-off.

Support and Resistance: Immediate support is at $1.370, with resistance now at $1.400.

Market Sentiment: The liquidation signals a shift in market sentiment, with bears gaining control and the potential for further downside.

Traders will closely monitor the $1.370 support to see if EOS can stabilize or if the bearish trend will continue, potentially leading to further losses.

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