$ETC Liquidation Alert: Long positions worth $62.3K were liquidated at $31.78. Here’s the breakdown:
Key Highlights:
Significant Liquidation: $ETC reached $31.78, leading to the liquidation of $62.3K in long positions.
Bearish Momentum: The sharp decline signals increasing selling pressure, indicating a potential downtrend.
Market Volatility: The liquidation event suggests heightened market volatility, with further declines possible.
Next Move:
Short-Term Strategy: Watch $30.00 for key support. A breakdown below this level could lead to further downside, targeting $28.00.
Risk Management: Tighten stop-loss orders and monitor for any signs of stabilization or reversal around $32.00.
Stay alert and adjust your strategy accordingly!
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