Liquidation Bloodbath!
$ATOM Long Position Liquidated:
$142,000 wiped out at $4.424!
That’s not just a dip—that’s a full-blown liquidation cascade. The bulls got blindsided, and the bears are feasting. This kind of liquidation is a loud signal: weak hands are getting flushed out.$ATOM
Key Takeaways:
Major Support SHATTERED: $4.42 couldn’t hold. That’s now resistance.
Panic Triggered: This level was a key psychological zone—expect fear-driven sell-offs.
Bearish Momentum Building: Liquidations this size can spark a chain reaction.$ATOM
What’s the Next Move?
For Longs: If you’re still holding, reconsider your strategy. Tighten stops, manage risk—don’t be the next liquidation.
For Shorts: Look for weak bounce entries. Target the next liquidity pools around $4.20, $4.00, or even $3.80 if the dump accelerates.
👀 Watching from the Sidelines? Perfect. Patience is power. Let the dust settle, then strike when the chart shows its next move.
Crucial Levels:
Resistance: $4.42 (now a key rejection zone)
Support Zones: $4.20 → $4.00 → $3.80 (potential demand areas)
This isn’t just a dip—it’s a market reset. Survive now, thrive later.