Major Liquidation in $ONDO Market!
The $ONDO market just experienced a massive shock with a $87.8K long position getting liquidated at $1.383!
Here’s why this is critical:
Huge Long Liquidation: A $87.8K liquidation at this level indicates major turbulence in the market.
The liquidation could trigger more selling pressure as other traders react.
Price Impact: The liquidation at $1.383 could cause the price to drop further, especially if more long positions get wiped out.
Market Sentiment: When a large long position is liquidated, it often sends a bearish signal to the market, causing others to sell or close their positions in panic.
What’s next? This liquidation could mark the beginning of more downward pressure for $ONDO.
If more traders get liquidated, the price may continue to fall.
Pro Tip: If you’re in the $ONDO market, it’s time to be cautious.
With the recent liquidation, the market could face more volatility, and the price might dip further.
Stay alert and manage your positions carefully!
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