🔴 $USTC longs got wiped

$2.6319K long liquidation at $0.007

That is forced selling and it tells me the downside pressure is real, because once liquidation starts, stops get triggered, buyers step back, and price can drop to the next support fast

If you are trading it, do not catch the falling knife, let it settle, watch if 0.007 turns into resistance, and only take a move when support is clear and the bounce is real, not just a quick trap

USTC

0.00816

+19.12%