đš $ETH Long Liquidation Alert: $17.423K Liquidated at $3484.53! đš
The $ETH market just experienced a massive shake-up with $17,423 worth of long positions liquidated at $3484.53! This could signal the start of a major price move, but what happens next? Letâs dive into what you need to know for the upcoming market action!
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Whatâs Next for $ETH?
1ïžâŁ Bullish Scenario:
The liquidation of long positions could trigger buying pressure. If $ETH breaks above $3500 and holds, we might see it push toward $3550 or even higher levels.
2ïžâŁ Bearish Scenario:
If ETH fails to hold above $3450 and retraces below $3400, it could signal a pullback. A drop below $3350 would indicate further downside, so be prepared for possible bearish action.
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Trading Plan for ETH (Not financial advice)
Buy Zone:
Look for an entry around $3450 - $3470 if price stabilizes and shows signs of upward momentum after the liquidation.
Target Levels:
Target 1: $3500 (initial resistance zone)
Target 2: $3550 (next key resistance)
Target 3: $3600 (extended target if the trend continues upwards)
Stop-Loss:
Set your stop-loss at $3350 to protect your capital in case the price retraces further.
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Key Signals to Watch:
âïž A strong move above $3500 with solid volume could signal a bullish continuation toward $3550 and beyond.
âïž If ETH drops below $3400, it could be the start of a larger pullbackâstay alert.
âïž Keep an eye on Bitcoin and broader market sentiment as they often influence $ETHâs price movements.
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Pro Tips for Trading $ETH:
đč Wait for confirmationâdonât rush into trades without clear signals.
đč Use small position sizes to manage risk, especially in volatile market conditions.
đč Consider using a trailing stop-loss to lock in profits as the price rises.
đ„ ETH is at a critical levelâtrade wisely and make the most of the potential moves ahead! đ„
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