$EOS Long Liquidation: $1.0184K at $0.75
The market just witnessed a significant event with a $1.0184K long position on $EOS liquidated at $0.75.
This liquidation highlights mounting selling pressure and potential shifts in market dynamics.
Next Move:
1. For Long Traders:
Look for signs of support around $0.74-$0.75. If the price holds, a potential rebound could target $0.78.
Avoid re-entering until there’s a clear breakout above $0.76.
2. For Short Traders:
With bearish momentum building, $0.73 could be the next key target.
Watch for signs of exhaustion as price approaches oversold territory.
Stop Loss Suggestions:
For longs, place stop-losses just below $0.73 to minimize further downside risk.
For shorts, set stop-losses above $0.76 to lock in gains and avoid sudden reversals.
The next few hours will be critical in determining whether $EOS finds support or continues its downward trajectory.