Liquidation Alert:
$VIDT Long Liquidation Spikes.
Amount Liquidated: $4.8291K
Liquidation Price: $0.03262
The crypto market’s volatility has struck again, this time targeting
$VIDT holders. Long positions worth nearly $4.83K were forcefully closed as the price dipped to $0.03194, triggering margin calls and liquidations.
What’s Happening.
Market Movement: The price drop might have been fueled by high sell pressure, weak buy support, or even broader market turbulence.
Liquidation Chain Reaction: As the price hit the liquidation level, more positions got closed, adding to the sell pressure and intensifying the downtrend.
What’s Next for
$VIDT 1. Support Zone: Watch out for $0.031 – a potential support zone where buyers might step in.
2. Resistance Ahead: If the price rebounds, it could face resistance near $0.035 or $0.038.
3. Volatility Warning: The recent liquidation hints at heightened volatility, so trade cautiously.
For Traders
Buy Zone: $0.030–$0.031 (if strong support forms).
Targets: $0.035 (short-term), $0.040 (mid-term).
Stop-Loss: $0.028 to protect your capital in case of further downturns.
Stay sharp, stay informed.
Remember, liquidations are part of the market dynamics, but they can also present opportunities for savvy traders. Are you prepared to ride the wave.
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