The REZ Liquidation Event ā A Reset or a Warning?
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$REZ Longs Just Got Wiped Out ā What Comes Next? šØ
A massive $1.4188K in long positions got liquidated at $0.01686, leaving traders scrambling as REZ failed to hold key support.
š Whatās Happening?
š Leverage Wipeout: Weak hands just got shaken outāwas this a stop-hunt, or is more downside incoming?
š„ Bearish Pressure Growing? Price action suggests sellers still in control unless bulls step in aggressively.
š„ Short Squeeze Potential? If REZ finds strong bids, we could see a sharp reversal catching late bears off guard.
š Key Levels in Play:
š Resistance: $0.0172 | $0.0175 | $0.0180 ā Break these, and bulls regain control.
š Support: $0.0165 | $0.0160 ā A break below could mean more downside pain.
š” The Smart Play?
āļø For Spot Buyers: Accumulate cautiously near support, but watch for a confirmation bounce.
āļø For Traders: A reclaim above $0.0175 could trigger momentum back toward $0.0180+.
āļø For Bears: If REZ struggles to reclaim key levels, another leg lower could be in play.
ā” So, are you buying the dip or shorting the next bounce? Letās talk strategy! š
#REZ #CryptoVolatility #MarketShakeout