🚨 $ETH Long Liquidation Alert! 🚨
💰 Liquidation Value: $7.4919K
📉 Price: $3,847.94
Ethereum just faced a big liquidation at $3,847.94, signaling a wave of volatility! This could create an exciting opportunity for traders if you’re planning your next move carefully. Let’s break it down:
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Possible Scenario: What’s Next?
The liquidation could act as a retest point, sparking either a rebound or a deeper correction. It depends on the strength of buyer demand around key zones.
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Entry Plan (Buy Zone)
Buy Zone 1: $3,800 – $3,820 (if ETH shows signs of recovery here).
Buy Zone 2: $3,720 – $3,750 (if there’s further downside, look for strong support).
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Target Zones (Take Profit)
Target 1: $3,950 (quick bounce target).
Target 2: $4,050 (psychological resistance).
Target 3: $4,150 (major resistance level).
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Stop Loss:
To manage risk, place your stop-loss around:
$3,690 (just below key support to avoid deeper losses).
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Key Things to Watch
1. Volume: Look for a spike in buying volume to confirm a bounce.
2. Macro News: Any news impacting ETH or the broader crypto market could shift momentum.
3. BTC Trend: If Bitcoin shows weakness, ETH might follow.
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📊 Pro Tip: Always risk only what you can afford to lose. Set clear stop-losses and targets to protect your capital!
What’s your next move? Are you jumping in or waiting for confirmation? Share your thoughts!
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