Ethereum ($ETH ) Short Liquidation Alert
1. Key Detail:
A massive $19.841K liquidation occurred at a price of $3487.63.
2. Market Dynamics:
Liquidations like this suggest aggressive price movements, potentially triggering further volatility in $ETH .
3. Possible Strategy:
-Entry Point:_ Evaluate positions around $3487.
-Target:_ Aim for $3420 in case of bearish continuation.
-Stop Loss:_ Protect capital by setting at $3505.
4. Takeaway:
Volatility is high; manage risk effectively and ensure tight stop-loss placement when trading $ETH in this environment.