$QUICK long liquidation worth $7.51K at $0.05805 has occurred. Here’s a clear breakdown:

What Happened:

$7.51K Long Liquidation: Traders who bet that QUICK's price would rise were forced to close their positions when the price dropped to $0.05805.

A long position means betting on a price increase, and if it falls too much, losses force sell-offs.

Impact on Price: Forced selling often adds downward pressure,

leading to further price drops in the short term.

What’s Next?

1. Potential Decline: QUICK's price might continue to face pressure if bearish sentiment remains strong.

2. Support Levels: Watch for key support around $0.057 or lower, where buyers might step in.

3. Market Trends: Keep an eye on QUICK-related updates and overall market conditions for signs of recovery or further drops.

Key Takeaway:

If you’re trading QUICK, avoid impulsive decisions during high volatility.

Look for stabilization and consider using stop-loss orders to manage risk effectively.

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