David-Warn
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Bullish
Market Alert: Steem ($STEEM ) Long Liquidation Spotted.
A long liquidation worth $2,824.7 occurred at the price of $0.3056. This signifies a potential shakeout of leveraged traders who were overly optimistic about price gains. Let’s dive deeper:
What’s Happening with $STEEM
1. Price Level: The liquidation took place at $0.30318, possibly marking a crucial support or resistance zone.
2. Market Impact: Such liquidations often trigger volatility, as it adds selling pressure in the short term.
Technical Levels to Watch:
Current Price Action: Closely monitor if $STEEM stabilizes above $0.303 or breaks lower.
Key Support Zone: $0.290 - $0.300
Resistance to Break: $0.315 - $0.325
Thrill Factor: Why It’s Exciting.
Liquidations like this can signal:
1. A Trend Reversal: If selling pressure exhausts, bulls might take over.
2. Increased Volatility: High chances of price swings, creating opportunities for sharp traders.
3. Market Sentiment Shift: Heavy liquidations often indicate where traders are placing their bets, potentially revealing market biases.
Pro Tip for Traders:
Buy Zone: Consider accumulating between $0.290 - $0.300, if support holds.
Targets:
Target 1: $0.320
Target 2: $0.340
Stop-Loss: Below $0.280, to protect against further downside risks.
#STEEM #BinanceAlphaAlert #MicroStrategyAcquiresBTC #BullCyclePrediction #CryptoMarketDip
A long liquidation worth $2,824.7 occurred at the price of $0.3056. This signifies a potential shakeout of leveraged traders who were overly optimistic about price gains. Let’s dive deeper:
What’s Happening with $STEEM
1. Price Level: The liquidation took place at $0.30318, possibly marking a crucial support or resistance zone.
2. Market Impact: Such liquidations often trigger volatility, as it adds selling pressure in the short term.
Technical Levels to Watch:
Current Price Action: Closely monitor if $STEEM stabilizes above $0.303 or breaks lower.
Key Support Zone: $0.290 - $0.300
Resistance to Break: $0.315 - $0.325
Thrill Factor: Why It’s Exciting.
Liquidations like this can signal:
1. A Trend Reversal: If selling pressure exhausts, bulls might take over.
2. Increased Volatility: High chances of price swings, creating opportunities for sharp traders.
3. Market Sentiment Shift: Heavy liquidations often indicate where traders are placing their bets, potentially revealing market biases.
Pro Tip for Traders:
Buy Zone: Consider accumulating between $0.290 - $0.300, if support holds.
Targets:
Target 1: $0.320
Target 2: $0.340
Stop-Loss: Below $0.280, to protect against further downside risks.
#STEEM #BinanceAlphaAlert #MicroStrategyAcquiresBTC #BullCyclePrediction #CryptoMarketDip
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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