🚨 $POLYX Long Liquidation: $5.67K Wiped Out at $0.35414 🚨
Market Shake-Up!
$POLYX just saw a $5,667.6K worth of long positions liquidated at $0.35414, sending ripples through the market. This sudden drop could be a chance for traders to grab the next big move, but it requires careful attention.
What’s Next?
Let’s break it down for $POLYX:
Buy Zone:
Watch for a potential entry between $0.34 - $0.36. This range could act as strong support if POLYX shows signs of bouncing here. Wait for a confirmation, like a volume surge, before entering to make sure the market is moving in your favor.
Target:
1️⃣ Short-Term Target: $0.38
2️⃣ Mid-Term Target: $0.42
If POLYX begins to regain bullish momentum, these price levels are reasonable targets.
Stop Loss:
Place your stop loss below $0.33 to limit risk. This gives you some breathing room but protects you if the market falls further.
Strategy Tips:
1. Look for Confirmation: Don’t rush—wait for PoYX to confirm a bounce off the support zone with solid volume.
2. Watch for Market Sentiment: Broader market trends can affect $POLYX. Keep an eye on Bitcoin’s price and overall market mood for clues on where POLYX could go.
3. Patience is Key: The market can swing wildly. Let the price settle at support before you make a move.
The Bottom Line:
$POLYX just experienced a significant liquidation event, but this could open the door for a solid buying opportunity if support holds. Use tight risk management, and stay patient for the market to show its next move. In the chaos, there is opportunity—seize it wisely!
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