Joao Wedson: MemeCore plunge triggers major liquidations after distribution phase

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MemeCore drop leads to liquidations

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Yaroslav Dmytrenko

13 hours ago

Joao Wedson: MemeCore plunge triggers major liquidations after distribution phase — MemeCore drop leads to liquidations

Joao Wedson highlights a significant downturn in MemeCore, noting that the token experienced a sharp decline after exiting a distribution phase.

According to Joao Wedson, the drop was forceful enough to erase the lowest possible liquidation levels. Wedson also cautions against trading with leverage unless equipped with advanced tools, strong emotional control, and a well-defined strategy.

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Wedson previously identified $57,300 as a crucial Bitcoin liquidation level based on 30-day data from 30 exchanges, advising traders to stay vigilant here. He has also tracked Ethereum’s ongoing bear market, noting its status as the second longest in the network’s history here.

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