$STX Liquidated Long: $89.8K at $1.796
A $89.8K long position in $STX was liquidated at $1.796, as the market took an unexpected turn.
Despite an initial optimistic outlook, the sudden price reversal led to a significant liquidation for traders involved.
Entry Point:
The position was opened at $1.796, based on expectations of a continuation in the bullish trend.
Target:
Traders were targeting a move toward $1.85, hoping for a breakout above resistance levels.
Stop Loss:
The stop loss was placed at $1.75, but the market's sharp downturn led to the liquidation before a recovery could take place.
The market’s volatility can hit hard—always stay on top of your positions and adjust quickly!