$ETC Short Liquidation Alert.

A massive short liquidation just hit the market with $40.682K being liquidated at a key price level of $28.44 for Ethereum Classic ($ETC).

This could signal a major shift in the market. Here's what you need to know:

Short Liquidations: When traders holding short positions (betting on the price to fall) get squeezed out, it can trigger a massive buying pressure, driving the price higher. The $40.682K worth of short liquidations suggests a wave of forced buying, pushing the price upward.

Key Price Level: The $28.468 level is crucial! If the price continues to hold above this point, it could signify more upside potential for $ETC, as more shorts might get squeezed, leading to more volatility and potentially higher prices.

What’s Next for $ETC

Short Squeeze Fuel: With so much liquidation, this could be the fuel for a short squeeze, driving prices upward in the coming hours/days.

Watch for Volatility: Expect increased volatility around this level. A clear break above $28.468 could lead to further upside targets.

Target Zones & Strategy:

Immediate Target: Watch for $30-$32 as the next key resistance zones.

Stop-Loss Level: If the price falls below $26, consider tightening your positions as it could indicate a potential reversal.

Warning: The market is volatile right now. Always use proper risk management techniques, like stop-loss orders, to protect your investments.

Stay alert and keep an eye on $ETC this market move could set the stage for even more action.

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