$DEXE Long Liquidation Alert.

A massive $3,770.8 worth of DEXE long positions just got wiped out at the liquidation price of $14.394.

What Does This Mean

Liquidation: This happens when traders using leverage can't meet margin requirements, forcing the exchange to close their positions automatically.

Impact: Such liquidations often increase market volatility and can push prices further in the liquidation direction as stop-losses or margin calls trigger additional sell-offs.

Market Implications.

This liquidation suggests bullish traders were caught off guard, potentially signaling:

1. Bearish Momentum: Sellers might continue driving prices lower.

2. Support Test: Watch if $14.28 becomes a critical support zone.

3. Volatility Ahead: More liquidations could create trading opportunities for both longs and shorts.

What’s Next for $DEXE

Current Price Action: Monitor price movement around $14.28.

Key Levels to Watch:

Support: $14.00

Resistance: $15.00

Stay sharp, traders! Big moves are brewing in the market.

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