Breaking: Massive $ETC Long Liquidation Alert
A long position worth $2,787.2 just got liquidated at $29.136, signaling heavy volatility in the market.
Ethereum Classic ($ETC ) is experiencing intense selling pressure, potentially triggering a chain reaction of liquidations if momentum continues.
Key Details:
Liquidation Type: Long
Amount Liquidated: $2.7872K
Price Trigger: $29.136
What's Happening?
This liquidation indicates that bulls might be losing steam, giving bears control over the short-term trend.
The $29.136 level now stands as a crucial resistance, with further downside pressure likely if support zones don’t hold.
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Next Moves:
1. For Traders Holding $ETC
Tighten stop-loss orders to mitigate further losses.
Monitor $28.50 as the next critical support level.
2. For Short-Sellers:
Look for opportunities below $29.00 to capitalize on bearish momentum.
Be cautious of sudden rebounds as liquidations often lead to volatility spikes.
3. For Buyers:
Wait for confirmation of stability above $29.50 before entering new positions.
Keep an eye on RSI and volume for signs of reversal.
Stay vigilant—this could be the start of a broader market movement!