$ETH Liquidated Long: $68.7K at $3316.80
A significant $68,700 long position was liquidated at $3,316.80, reflecting strong bearish momentum in $ETH . Traders should approach the market carefully as volatility remains high.
Support and Resistance Levels:
Immediate Support: $3,300
(Critical level; a break below could lead to further declines.)
Next Support: $3,250
(Potential buy zone for a rebound.)
Immediate Resistance: $3,350
(Needs to break for short-term bullish momentum.)
Key Resistance: $3,400
(A strong close above confirms a trend reversal.)
Suggested Strategy:
1=If Price Holds $3,300: Consider a small buy position with a stop-loss below $3,290.
2=If Price Breaks $3,350: Wait for confirmation of bullish momentum and target $3,400.
3=If Price Fails $3,300: Stay cautious or look for shorting opportunities toward $3,250 with a stop-loss above $3,320.
Pro Tip:
Always manage risk and avoid over-leveraging in such volatile conditions. Let the market reveal its next move before committing heavily.