$EOS Sure. Here's a detailed analysis of the EOS Long Liquidation:

EOS Long Liquidation at $6.2293K at $0.798 - What’s Next.

It looks like the EOS market is seeing some interesting movements with a recent long liquidation happening at $6.2293K at the $0.798 price point. This could mean that the price might either face a correction or attempt a bounce from this liquidation level.

What Happened.

A liquidation means that traders who took long positions (betting on price increases) had their positions closed by the exchange due to the price falling to a certain level.

This can indicate a short-term price drop as these liquidated positions can bring selling pressure.

What’s Next for EOS.

We need to consider both bullish and bearish scenarios in the coming days. Here’s how you can think about the market:

Bullish Scenario.

If EOS starts to recover after this liquidation and builds momentum, we could see a bounce off this support level. In this case, the price may head back up toward previous resistance levels.

Bearish Scenario.

On the other hand, if EOS fails to find strong support and continues to drop, the market could face further downward pressure, possibly testing lower support levels.

Buy Zone.

Entry Price (Buy Zone): Look for a buy zone around $0.78 to $0.80. This range provides a good risk-to-reward ratio for potential buyers who believe in a price bounce or recovery.

Target Price (Sell Zone).

First Target: $0.85 (Previous resistance level).

Second Target: $0.90 (Higher resistance point if momentum builds).

These targets are based on potential price recovery and the history of EOS price action.

Stop Loss.

Stop Loss Level: Set a stop loss around $0.75 to $0.74. This would be below key support levels and would help protect your position in case the market breaks down further.

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