$ETC Long Liquidation Alert: Bulls Under Pressure
#ETC Long Liquidation:
Amount Liquidated: $52.4K
Liquidation Price: $29.24
Ethereum Classic (ETC) faced a bearish blow as a $52.4K long position was liquidated at $29.24.
This significant liquidation highlights increased selling pressure and raises concerns about $ETC ability to maintain its upward momentum.
Key Market Insights:
Bearish Momentum:
The drop below $29.24 signals weakening support and growing control by bears. Could this trigger a deeper correction for ETC?
Support Levels at Risk:
Traders are now watching for potential stabilization at lower levels. Will buyers step in, or is further downside ahead?
Market Sentiment:
This liquidation reflects cautious behavior among bulls. Is this a temporary pullback, or could it mark a shift toward bearish dominance?
As volatility rises, $ETC traders must navigate this critical juncture with care. Stay vigilant for signs of recovery or further weakness in the price action.