$COW Long Liquidation Alert!
Liquidation Amount: $3,556.10
Liquidation Price: $0.96739
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Key Details:
1. A $3.55K long position was liquidated at $0.96739, indicating a significant breakdown as buyers failed to defend critical support levels.
2. The breach below $0.97 suggests mounting bearish pressure, potentially signaling further downside unless buyers reclaim control.
3. Liquidations of this size often trigger increased volatility, with price swings becoming sharper as market participants reposition.
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Next Move:
For Bears:
1. Short Entry: Consider entering shorts if the price consolidates below $0.97, confirming resistance.$COW
2. Stop Loss: Place a stop just above $0.975 to avoid sudden reversals.
3. Targets:
Short-term: $0.94
Deeper Support: $0.90
For Bulls:
1. Reentry Zone: Monitor the $0.95-$0.96 range for signs of accumulation or reversal.
2. Stop Loss: Set a tight stop below $0.94 to minimize risk.
3. Upside Targets:
Immediate: $0.98 (reclaim key level).
Extended: $1.00-$1.02 if buyers regain control.
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Market Outlook:
The $0.97 level is now a critical battleground. If buyers reclaim it, confidence could return, pushing the price back toward $1.00.
Failure to hold above $0.96 may lead to further selling, driving the price toward $0.90 or lower.$COW
Watch trading volume and liquidation clusters closely to determine the next trend direction.
Stay vigilant and trade with precision!