CFX Long Liquidation- $1.91 million liquidated at $0.1549! Conflux($CFX) a massive long position worth $1.91 million was liquidated at $0.1549, and the longs are facing a brutal washout. The sudden drop triggered forced selling, increased downward pressure, and exacerbated market volatility. As the long traders are liquidated, the question is - will the sellers further push down the price, or is this just a temporary decline before the rebound? Pay close attention to the key support level one - this could get crazy!
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CFX Long Liquidation- $1.91 million liquidated at $0.1549!
Conflux($CFX) a massive long position worth $1.91 million was liquidated at $0.1549, and the longs are facing a brutal washout.
The sudden drop triggered forced selling, increased downward pressure, and exacerbated market volatility.
As the long traders are liquidated, the question is - will the sellers further push down the price, or is this just a temporary decline before the rebound? Pay close attention to the key support level one - this could get crazy!