$EGLD Long Liquidation Alert

A long position worth $9.8393K was liquidated at a price of $33.062.

This indicates bearish pressure in the market. Here's a breakdown:

Key Details

Liquidation Level: $33.062

Current Trend: Sellers are dominant, pushing the price lower.

Support and Resistance Levels

Support: $32.50 – This is a potential level where buyers might step in. If this level breaks, expect further downside.

Resistance: $34.50 – If the price bounces, this level could act as a barrier for upward movement.

Next Move Suggestions

1. If you want to buy:

Wait for the price to test the support at $32.50.

Look for strong buying signals (like high volume or bullish patterns) before entering.

2. If you want to sell:

Consider selling if the price approaches $34.50 and shows rejection signs.

If $32.50 support breaks, short positions might be favorable.

Stay cautious! Monitor volume and market sentiment before making a decision. Always use stop-loss to manage risk.

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