💥💥💥 #CryptoLiquidations : Key Levels for $BTC , $ETH , $SOL , and More
Crypto Liquidation Levels Offer Key Insights for Traders
Crypto trader MartyParty recently shared a snapshot of liquidation levels for several major cryptocurrencies, providing critical insights into Bitcoin (BTC), Solana (SOL), Sui (SUI), Ethereum (ETH), Binance Coin (BNB), and Toncoin (TON).
These levels highlight price zones where significant liquidations are likely, offering valuable guidance for market analysis.
#Bitcoin’s Liquidation Zones
- Bitcoin (BTC) is trading around $56,119, with key liquidation walls at $60,800 (resistance) and $56,000 (support), essential for determining entry and exit points.
- Heavy liquidation levels near $54,200 signal potential volatility, with these zones possibly triggering significant price swings.
Solana, Sui, Ethereum, Binance Coin, and TON: Key Liquidation Areas
1. Solana (SOL): Trading at $131, SOL shows heavy liquidation zones around $140, indicating areas of significant price action. The $128 level serves as a potential support zone.
2. Sui (SUI): Trading at $0.8386, SUI has a key liquidation level near $0.87, with strong support around $0.72. These levels are essential for traders monitoring price movements.
3. Ethereum (ETH): Currently priced at $2,366, ETH faces large liquidation walls at $2,630. A breakout above this level could signal an upward trend, while strong support exists at $2,280.
4. Binance Coin (BNB): Trading near $505, BNB has significant liquidation levels around $590 and strong support at $530. These are important levels for traders to watch.
5. Toncoin (TON): TON is trading close to $5, with liquidation levels at $5.35 and $4.36, indicating potential volatility as the coin moves between these price points.
Using Liquidation Data for #marketstrategy
Understanding liquidation levels helps traders make informed decisions in volatile markets, optimizing entry and exit points to navigate fluctuations more effectively.
Source - coinedition.com
