🔴 $NEO Longs Just Got Wrecked!
CRASH! The bulls just took a hit — $2,215.9 worth of long positions on #NEO were liquidated at $5.918.
This isn’t just a dip… this is a wake-up call.
What just happened?
Traders who were overly confident in a move up got caught off guard as the price slipped below their margin threshold. Their longs were force-closed, turning bullish dreams into real losses.
Why this matters:
Long liquidations create sell pressure, often triggering further downside.
This flush shows that confidence was high — but the market said "not yet."
Such events shake out weak hands… and can set the stage for either a capitulation bounce or continued bleed.$NEO
Market Mood:
Nervous. Volatile. Traders are scanning charts for signs of stability — or more pain. This is where emotions run high, and strategy matters most.
Key Levels to Watch:
Next Support: $5.75 – $5.62 (if breaks, freefall risk increases)
Recovery Zone: $6.05 – $6.20
Eyes On: If bulls regroup here, a bounce could trap late bears.
Final Word:
The battlefield is bloody — #NEO bulls just took a hit, but this is also where sharp reversals are born. Will the market stabilize, or is another leg down brewing?
CoinCrafters — sharpen your edge. Volatility is opportunity.$NEO
