🔍 Details:
Token: $DEGO
Long Liquidation Amount: $2.8884K (~$2,888.40)
Liquidation Price: $2.678
🧠 What it Means:
This indicates that traders who had long positions (betting price will go up) on $DEGO got liquidated at the price of $2.678.
A liquidation happens when the price drops and hits the margin call level set by the exchange—forcing open long positions to close automatically.
📉 Market Sentiment Insight:
Multiple long liquidations often point to bullish traders getting trapped due to a sudden drop.
This can lead to a short-term downward pressure, but sometimes it creates a local bottom as leveraged longs are flushed out.
📊 Support Zone Possibility:
The $2.678 area could act as a potential support zone, especially if liquidation wicks show strong buying reaction there.
If price holds above $2.678, there might be a bounce, but if it breaks below with volume, further downside is possible.
Would you like a technical analysis on $DEGO including buy zone, targets, and stop-loss based on current price action?