$ETH Liquidated Short: 83.2K at3211.76
Major Market Alert!
A huge liquidation just hit #ETH with a short position of 83.2K at3,211.76!
This indicates significant price volatility, and we could see a sharp move in either direction.
Be ready for some action in the coming hours.
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Key Levels to Watch:
• Support Level: 3,100 - A strong support zone for Ethereum. If the price holds here, we could see a bounce to the upside.
• Resistance Level: 3,350 - This is a crucial resistance level. If #ETH breaks above this, it could lead to a bullish rally towards 3,500.
Next Move Strategy:
1. For Buyers:
Entry Price: Consider entering around if Ethereum shows signs of support at this level. This area has historically been a strong buying zone.
Target Price: Aim for 3,350 (Resistance) as your first target. If the price breaks above this, consider adjusting your target to 3,500.
Stop-Loss: Place a stop-loss below 3,050 to protect your position in case the price falls further.
2. For Sellers:
Entry Price: If $ETH struggles to break above 3,350, consider selling.
A rejection at this level could send the price back towards 3,100.
stay sharp traders !
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