$KDA Long Liquidation Alert
A significant liquidation event has occurred!
Amount Liquidated: $4,840.90
Price Level: $0.87365
This liquidation signals aggressive bearish pressure at this level. Bulls failed to defend key support, allowing bears to push $KDA further down. Market sentiment remains fragile, and volatility could increase as traders react to this pivotal move.
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Key Observations
Bearish Momentum: The liquidation reinforces downside risks, especially if $KDA remains below $0.87365.
Support Zone Breached: Failure to hold this level could lead to a test of deeper support levels.
Low Volume Uptick: Watch for reaction around the $0.85-$0.87 range for signs of either reversal or continuation.
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Next Moves to Consider
For Bears:
Watch for confirmations of breakdown below $0.87.
Targets: $0.83 or lower as potential profit zones.
For Bulls:
Look for signs of strength around $0.85 as potential reversal points.
A sustained break above $0.90