$SOON Long Liquidation: $2.418K at $0.39815
Long traders on $SOON were forced out as price slipped below key support, triggering stop losses and accelerating the downside move. Buyers failed to defend the level, allowing sellers to take short-term control.
Liquidation Type: Long
Liquidated Amount: $2.418K
Liquidation Price: $0.39815
EP: $0.3975
TP: $0.3890 → $0.3810
SL: $0.4055
Market Outlook:
This long liquidation signals weakness above the $0.398 zone. As long as price remains below the liquidation level, downside pressure can continue toward lower support areas. Any bounce without strong volume is likely to be sold.
Pro Tip: After a long flush, don’t rush entries. Let price stabilize and reclaim support before thinking long patience protects capital.
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