$G There was a long liquidation for G with $4,940.9K at $0.03693. This means that traders who were hoping for the price to go up had to close their positions, which might lead to a price drop in the short term.
Key Details:
1. Long Liquidation: This could signal a downward pressure on the price because many traders have been forced to sell. It may result in a short-term price dip.
2. Price Level: The price is at $0.03693, and if it drops below this, it could indicate more downward movement.
3. Market Sentiment: After a long liquidation, the market might turn bearish (falling), so caution is advised in the short term.
Next Move:
1. Wait for a Reversal: Watch if the price shows signs of stabilizing or reversing at $0.03693. If it starts to rise again, consider entering a buy position.
2. Set Stop-Loss: If you decide to buy, make sure to set a stop-loss below the liquidation price to protect from further losses.
3. Monitor for Support: If the price keeps falling, consider waiting for a stronger support level to form before making any moves.
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