$EGLD LONG LIQUIDATION: $1.635K WIPED OUT AT $17.967!

Another wave of long liquidations just hit the market, and this time EGLD traders got rekt! Over $1.635K in long positions got wiped out at $17.967, shaking up leveraged traders!

What is EGLD?

EGLD (MultiversX) is a blockchain network designed for high-speed transactions, low fees, and secure smart contracts. It's used for DeFi, NFTs, and Web3 applications.

Why Did Liquidation Happen?

• Market volatility caused a sudden price drop.

• Overleveraged long traders couldn't hold their positions.

• Liquidations created more selling pressure, pushing EGLD lower.

Next Moves – Buy or Sell?

• Buy Target: If EGLD holds above $18, we could see a recovery to $19.50 - $20.

• Sell Target: If EGLD falls below $17.50, expect a drop towards $16.80 - $16.50.

How to Stay Safe in This Market?

• Avoid excessive leverage—risk management is key!

• Watch for strong support levels before entering trades.

•Keep an eye on market trends to make informed decisions.

Are you bullish or bearish on $EGLD ? Drop your thoughts below!

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