$PIPPIN Drops as Longs Get Wiped $1.83K Liquidated at $0.489 ⚠️
just triggered a long liquidation worth $1.83K at $0.489, signaling sharp downside pressure and a momentum shift in the short term. When long positions get liquidated, it usually means price moved quickly against bullish traders, forcing exits and accelerating the drop through cascading sell orders.
This kind of flush often increases volatility and temporarily strengthens bearish control. If price struggles to reclaim the $0.49 zone, sellers may push toward the next liquidity pocket below. However, aggressive liquidations can also create short-term bounce setups if buyers step in after the flush.
Watch volume closely sustained selling confirms continuation, but a strong reclaim above $0.49 could flip sentiment fast. High leverage environment fast moves both ways.$PIPPIN $BTC
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