$SNXX just delivered a painful blow to leveraged bulls, with $98.2K in long positions liquidated at $12.18. Traders expecting further upside were forced out as the market moved against them. The liquidation is a reminder that leverage can make even a small price move feel much bigger. Watch trading volume closely, because rising volume could signal stronger participation behind the move. SNXX now faces an important test: can buyers absorb the selling pressure, or will more long positions continue getting squeezed?
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