Red Alert: $REZ Long Liquidation of $7.08K at $0.05324!

Details:

Liquidation Type: Long Position

Amount Liquidated: $7.0777K

Liquidation Price: $0.05324

What Happened?

The REZ market witnessed a significant liquidation of long positions as the price dipped to $0.05324.

This signals increased selling pressure, potentially scaring off bullish traders.

What’s Next?

1. Key Levels to Watch:

Support: $0.05250 - Breaching this could lead to deeper losses.

Resistance: $0.05400 - Bulls need to reclaim this to reverse momentum.

2. Market Sentiment:

Bearish sentiment dominates after the liquidation.

Expect increased activity as traders assess the next move.

3. Trading Tips:

For Sellers: Opportunities may arise if the downtrend persists.

For Buyers: Look for stability before re-entering the market.

Conclusion: The $7.08K liquidation highlights market vulnerability.

Stay sharp, as volatility is likely to remain elevated in REZ trading.

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