$CRV LONGS CRUSHED! $1.3022K LIQUIDATED AT $0.473!
Curve DAO ($CRV just sent long traders into a tailspin! A massive $1.3022K in long positions got wiped out as the price plunged to $0.473, triggering forced sell-offs and
adding downward pressure. Is this just a shakeout, or are we in for an even deeper correction?
What Just Happened?
CRV broke below critical support, triggering a wave of long liquidations.
As margin positions collapsed, selling pressure intensified, dragging prices lower.
Now, the big question—can bulls defend key levels, or will bears tighten their grip?
Why This Matters?
Long liquidations often create a chain reaction, leading to panic selling.
If CRV fails to reclaim lost ground, we could see further downside pressure.
However, if bulls step in, this could be a golden entry for a potential rebound!
Key Levels to Watch
Resistance: $0.485, $0.500, and $0.520—CRV needs to break these for a recovery.
Support: $0.460 and $0.450—losing these could open the floodgates for more downside.
What’s Next?
For Long Traders: The shakeout was brutal—will you buy the dip or wait for confirmation?
For Bears: The trend is in your favor—will you push CRV even lower?
Will $CRV recover from this nasty drop, or is more pain on the way? Drop your thoughts below!
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