BREAKING: $SNX Long Liquidation Hits $14.27K at $0.406

A significant long liquidation has just occurred on $SNX with $14.27K in leveraged positions wiped out at the $0.406 level.

This means traders who were betting on upside continuation were forcefully closed as price moved downward, triggering automatic sell pressure. Long liquidations typically accelerate declines because positions are closed via market sells, adding to bearish momentum.

Key Details:

• Asset: $SNX

• Liquidation Type: Long

• Total Liquidated: $14,270

• Liquidation Price: $0.406

• Market Signal: Increased downside volatility

What This Means:

This event suggests weakening short-term bullish structure. If selling pressure continues below $0.406, further liquidation clusters could be triggered, potentially driving sharper downside.

However, if buyers step in aggressively around this level, we could see a quick rebound fueled by overextended downside momentum.

Traders should monitor volume spikes, funding rates, and nearby support zones for confirmation of continuation or reversal.

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