Longs wiped out on $Q — downside pressure is intensifying.

$Q has just recorded a long liquidation worth $6.3686K at the price level of $0.02232, signaling that bullish traders were forcefully liquidated as price moved lower.

Long liquidations occur when traders betting on upside momentum are unable to maintain margin requirements. As price drops, their positions are automatically closed, triggering forced sell orders that can accelerate the downward move.

The liquidation at $0.02232 highlights a key breakdown zone where buyers lost control. This level now becomes an important psychological and technical area. If price fails to recover above it quickly, bearish momentum could continue to build.

Large long liquidations often indicate panic exits and weakening bullish confidence. This can lead to increased volatility and open the door for further downside as market structure resets and leverage is flushed out.

Traders should closely monitor whether $Q stabilizes and forms support, or if continued liquidations trigger a deeper correction phase.

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