$ONT Liquidated Long: $27.7K at $0.242
Breaking Update: A sharp wave of volatility has struck the Ontology ($ONT) market, liquidating a $27.7K long position at the critical level of $0.242. This liquidation highlights the intense market pressure, shaking out leveraged traders in the process.
Market Breakdown:
Price Action: The $0.242 level acted as a tipping point, triggering cascading liquidations and amplifying bearish momentum.
Volume Surge: The market saw a significant spike in trading activity, as both bulls and bears wrestle for dominance.
Key Levels: The next support zone lies around $0.235, while resistance looms at $0.25.
Trader’s Alert:
Upside Potential: A recovery above $0.245 could attract fresh buying interest, paving the way for a rebound.
Risk Zone: Failure to hold above $0.235 might open the floodgates for further downside.