Franklin_LFG$DEXE just hit a painful flush for long traders.
$1.6748K in long positions were liquidated at $2.29078, meaning traders betting on higher prices were forced out as the market moved against them.
It shows how quickly leverage can turn a small move into a real loss. If selling pressure continues, $DEXE could face more volatility from here.
The $2.29078 level is now worth keeping an eye on.
#World Liberty bank ownership #Fed Chair Warsh signals rate hike
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