$STX Long Liquidation Spikes.

A massive $25,887 long liquidation hit the market at the critical price of $1.804, shaking up traders and signaling high volatility ahead.

What Does This Mean.

This liquidation indicates that many bullish traders were caught off guard, with their stop-losses or margin positions wiped out.

Liquidations of this magnitude often suggest over-leveraged positions, creating opportunities for strategic traders to capitalize on market moves.

Key Levels to Watch:

1. Support Zone: If $STX drops further, the next support level could be near $1.75 or lower.

2. Resistance Zone: On recovery, look out for resistance near $1.82–$1.85, where selling pressure might build.

Trading Strategy:

Buy Zone: If $STX approaches $1.75, consider long entries with tight risk management.

Targets: Set your sights on $1.82, $1.88, and $1.95.

Stop-Loss: Place below $1.70 to protect against downside risks.

Market Sentiment:

This liquidation might signal a short-term shakeout, allowing institutional players to scoop up positions before a potential rebound. Stay vigilant and trade wisely.

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