$SQQQ Longs Face Heavy Liquidation Pressure
A liquidation hit a long buy order worth $41.58K when $SQQQ traded at 37.63728 on the Binance platform, forcing leveraged long positions to close after the price moved against buyers.
This large liquidation suggests short-term weakness and rising volatility. Traders should watch whether sellers still control the momentum or whether buyers are reclaiming key levels.
🎯 Entry Zone (Sell): 37.60–37.70
🛑 Stop Loss: 38.40
🎯 Target 1: 36.80
🎯 Target 2: 36.00
🎯 Target 3: 35.20
A move above the resistance level could invalidate the bearish scenario.
Trend: Bearish 📉
$SQQQ
#SQQQ
A liquidation hit a long buy order worth $41.58K when $SQQQ traded at 37.63728 on the Binance platform, forcing leveraged long positions to close after the price moved against buyers.
This large liquidation suggests short-term weakness and rising volatility. Traders should watch whether sellers still control the momentum or whether buyers are reclaiming key levels.
🎯 Entry Zone (Sell): 37.60–37.70
🛑 Stop Loss: 38.40
🎯 Target 1: 36.80
🎯 Target 2: 36.00
🎯 Target 3: 35.20
A move above the resistance level could invalidate the bearish scenario.
Trend: Bearish 📉
$SQQQ
#SQQQ