$WIF Long Liquidated
Amount: $263K
Price: $1.386
What Happened?
$WIF saw $263K in long positions liquidated as the price dropped to $1.386, signaling strong bearish pressure. This level could trigger further downside if support fails.
1. Critical Support: Watch $1.35—if broken, it could slide toward $1.30.
2. Recovery Zone: If bulls push back, reclaiming $1.40 might spark a short-term bounce.
3. Trend Watch: Look for increased volume and market-wide sentiment shifts.
Key Insights
Volume Spike: High liquidations may indicate trend exhaustion or panic selling.
Oversold Risk: Price nearing oversold zones, a rebound could occur.
Market Direction: Correlated assets could signal the next move—keep an eye out!
Prepare for more volatility ahead!
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