$CFX Long Liquidation Alert.

Total Liquidation: $4,129

Price Level: $0.1564

The cryptocurrency market is always thrilling, and today Conflux (CFX) experienced significant long liquidation.

What Does This Mean.

Long Liquidation occurs when traders betting on price increases (long positions) face sudden downward price movements, leading to forced liquidation.

This indicates strong bearish pressure, potentially signaling more downward action if the trend continues.

Why Did This Happen.

Support Break: The price likely dipped below a critical support zone, triggering margin calls for leveraged traders.

Market Sentiment: Recent selling momentum or bearish market news may have added to the pressure.

Key Levels to Watch:

Resistance Zone: $0.165 – $0.170 (Could cap a rebound).

Support Zone: $0.150 – $0.155 (Critical level to hold).

Trading Strategy:

1. Short Opportunity: If bearish momentum persists, target $0.150.

2. Long Entry: Wait for consolidation near $0.155 with a tight stop-loss below $0.150.

3. Stop-Loss: Always place stops to avoid unexpected liquidations like this.

Stay alert, traders! The market never sleeps, and this action might be the start of more volatility. Are you prepared for the next move.

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