$COS Long Liquidation: $15.42K at $0.0094

What Happened?

A long position worth $15.42K on Contentos (COS) was liquidated at $0.0094.

This shows strong selling pressure, as bulls failed to hold the price above key support.

What’s Next?

1. Price Outlook:

If COS drops further, the next support is $0.0092.

A recovery above $0.0095 could target $0.0098 resistance.

2. Market Sentiment:

Long liquidation reflects weak buyer confidence.

Bears may dominate unless a reversal with volume occurs.

3. Key Indicators to Watch:

Volume: Low buying volume may lead to continued declines.

RSI: Oversold levels might indicate a potential rebound.

4. Trade Strategy:

Short Strategy: Look for entries below $0.0094 for potential downside.

Long Strategy: Enter above $0.0095 only if volume supports an uptrend.

Why It Matters:

Long liquidations often cause sudden drops, providing opportunities for traders during volatile price action.

Watch carefully—COS could move sharply soon!

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