Massive $POWR Liquidation Alert.

Total Long Liquidation: $4,688

Liquidation Price: $0.2897

The crypto market just showed no mercy to $POWR long holders as a cascade of liquidations hit at the critical support level of $0.28888. This level was a significant battleground, and the sellers overwhelmed, triggering a sell-off that wiped out positions worth $4.688K.

What does this mean.

A liquidation happens when leveraged traders fail to maintain their margin due to price drops, forcing exchanges to sell their holdings to cover losses.

This liquidation signals a potential loss of momentum for bulls, with bearish sentiment creeping into the market.

Key Levels to Watch:

Support Zone: $0.28500 - $0.28888

Resistance Zone: $0.30000 - $0.30500

Technical Outlook:

If $POWR fails to reclaim $0.290, we could see further downside momentum, targeting $0.280. However, a strong bounce above $0.290 could ignite a recovery rally toward $0.305 or higher.

Risk Management Tip:

For traders looking to re-enter or hold positions, consider these zones:

Buy Zone: $0.280 - $0.290

Take Profit: $0.300 - $0.310

Stop-Loss: Below $0.275

Stay alert, as the market's volatility might offer thrilling opportunities for both bulls and bears.

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