$XPL Long Liquidation: $27.57K at $0.16905
A total of $27,570 in long positions was liquidated at $0.16905, showing that buyers were forced to exit as price moved downward.
Market Insight:
Long liquidations indicate weak buyer strength and growing sell pressure. When bullish traders are forced to close, it often pushes the market further to the downside.
Next Move:
If $XPL trades below $0.1680–$0.1700, the selling wave may continue, triggering deeper liquidations.
Downside Targets:
• TG1: $0.16290
• TG2: $0.15840
• TG3: $0.15280
Pro Tip:
Avoid chasing breakdowns. Wait for a retest of resistance after a drop to enter with better risk control.
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