thank goodness I was opening 10 usdt of short every time the price rose above the maximum of the last 6 hours
Crypto Cobain0
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$API3 LONG TRADERS REKT! LIQUIDATIONS STRIKE HARD!
The crypto market just delivered another brutal blow as $1.3085K in long liquidations slammed API3 at $0.8213, shaking out overleveraged traders in a vicious long squeeze!
What Just Happened?
$API3 failed to hold critical support, triggering a cascade of forced sell-offs.
Leverage traders got liquidated, adding even more selling pressure.
Bears are gaining the upper hand, pushing prices lower as bulls scramble to recover.
🚨 Why Did This Happen? • Overleveraged long traders entered too aggressively, expecting an uptrend. • The market dropped suddenly, forcing liquidations and increasing selling pressure. • Whales and smart money might be manipulating the price to hunt stop-losses and liquidation levels.
Sell or Buy? • SELL if: • API3 fails to reclaim lost support, confirming further downside. • Momentum remains bearish, and sellers dominate the order books. • More long liquidations appear, signaling further weakness.
• BUY if: ✅ API3 finds strong buyer support and shows reversal signs. ✅ A whale accumulation pattern emerges, hinting at a potential recovery. ✅ Price breaks key resistance levels, confirming a bullish move.
What’s Next? With longs getting wrecked, is this a fakeout before a reversal or the start of a deeper correction? Traders need to stay alert because $API3 ’s next move could be explosive!