Massive Long Liquidation Alert for Polkadot ($DOT ).
Liquidation Amount: $2,153.7K
Liquidation Price: $7.242
The bulls have faced a critical blow as $2.1537K worth of long positions were liquidated at the key level of $7.141! This event signifies heightened volatility in the market.
What Does This Mean.
Bullish Traders: Long positions liquidated at this level could indicate over-leveraged positions getting wiped out.
Bearish Pressure: Bears might dominate the scene for a while, pushing $DOT to test lower supports.
Key Levels to Watch.
Support Zone:
Immediate support sits around $6.80–$6.90. A break below could signal more downside.
Resistance Zone:
If the price recovers, the first resistance lies at $7.20, followed by $7.50.
Trader's Takeaway.
For Long-Term Bulls: Consider adding at key support levels, with proper risk management.
For Short-Term Bears: Opportunities for shorting arise if $DOT fails to hold above $7.00.
Stay Cautious.
The crypto market is a battlefield, and moments like these can offer both risks and rewards.
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