🔴 $ETC Liquidated Long: $78.5K at $27.02
A large liquidation at $27.02 indicates strong bearish pressure. This level will now act as a pivot point for traders to determine the next move.
Support & Resistance Levels
Support: $26.50 (watch for potential buyers stepping in here).
Resistance: $28.00 (a critical level for bulls to regain control).
What’s Next?
If $ETC holds above $26.50: This could signal consolidation or a potential bounce. Consider a small buy, setting a stop-loss just below support.
If ETC breaks below $26.50: Expect a continuation of the downward trend. This may be a signal to sell or look for short opportunities.
Strategy Suggestion
1=Keep an eye on market volume and broader crypto sentiment.
2=Avoid high leverage; current volatility could trigger sharp moves.
Key Tip:
=Trade with caution, and don’t rush into positions without confirmation!