Desoza
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Thrilling Update: $FTM Long Liquidation
A significant $1.626K long position on Fantom ($FTM ) was liquidated at $0.78284.
This shows a sharp move in price, likely caused by high volatility.
Key Details:
Current Situation: Long traders were forced to close positions, indicating strong selling pressure.
Market Sentiment: Bears seem to be in control as the price dropped near this level.
Support & Resistance Levels:
Support (Strong Buying Zone): $0.750 - $0.770
Resistance (Strong Selling Zone): $0.800 - $0.820
What Should You Do?
1. If Price Nears Support ($0.750-$0.770):
Consider buying small amounts. Look for reversal signs like increased volume or a bounce.
2. If Price Nears Resistance ($0.800-$0.820):
Avoid buying. You can consider selling or shorting if bearish pressure remains.
3. Stay Alert: Watch for sudden price movements as liquidations can lead to high volatility.
Next Move:
BUY: Near $0.750 if the price shows signs of stability.
SELL: Around $0.800-$0.820 if the price struggles to break resistance.
#BinanceMegadropSolv #BinanceMegadropSolv
A significant $1.626K long position on Fantom ($FTM ) was liquidated at $0.78284.
This shows a sharp move in price, likely caused by high volatility.
Key Details:
Current Situation: Long traders were forced to close positions, indicating strong selling pressure.
Market Sentiment: Bears seem to be in control as the price dropped near this level.
Support & Resistance Levels:
Support (Strong Buying Zone): $0.750 - $0.770
Resistance (Strong Selling Zone): $0.800 - $0.820
What Should You Do?
1. If Price Nears Support ($0.750-$0.770):
Consider buying small amounts. Look for reversal signs like increased volume or a bounce.
2. If Price Nears Resistance ($0.800-$0.820):
Avoid buying. You can consider selling or shorting if bearish pressure remains.
3. Stay Alert: Watch for sudden price movements as liquidations can lead to high volatility.
Next Move:
BUY: Near $0.750 if the price shows signs of stability.
SELL: Around $0.800-$0.820 if the price struggles to break resistance.
#BinanceMegadropSolv #BinanceMegadropSolv
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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