$1000LUNC long liquidation of $7.0336K at $0.05233 shows bullish positions getting flushed out. This usually indicates weakness from buyers and gives sellers short-term control. Liquidity is now sitting below the price, increasing the chance of a downside continuation if pressure remains.
Next move and targets:
TG1: $0.05160
TG2: $0.05080
TG3: $0.04990 (key demand zone)
A relief bounce may appear, but trend pressure still favors the downside until strong buying returns.
Pro tip After long liquidations, price often dips more. Avoid guessing bottoms; wait for strong support or a clear reversal before entering.
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