$ETH Short Liquidation Alert 🚨
A $7.09K short liquidation just occurred at $3947.67, triggering a potential shift in market dynamics! With shorts squeezed out, Ethereum could be gearing up for a strong rally. Here’s what you need to know!
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What’s Happening?
The short liquidation could lead to:
1. A price surge as buying pressure increases from the short squeeze.
2. A possible pullback if traders take profits after the liquidation event.
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Buy Zone 🛒
Buy zone: $3900 - $3940. This price range has acted as support, making it an ideal spot to enter if the price holds.
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Targets 🎯
Target 1: $4050 (Immediate resistance level)
Target 2: $4150 (Key resistance zone)
Target 3: $4250 (Breakout zone, possible higher targets)
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Stop Loss 🚫
Stop loss: $3800. If the price falls below this level, it could indicate further downside, testing $3700 or lower.
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What’s Next?
If $ETH holds the buy zone: A rally towards $4050 and $4150 could follow.
If the price falls below $3800: Watch for potential downside towards $3700.
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⚠️ Disclaimer: This post is for informational purposes only. Always manage your risks wisely!
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