Ethereum Classic $ETC Liquidation Alert: $52.4K Long Wiped at $29.24!
A major $52.4K long position on ETC was just liquidated at $29.24, shaking up the market.
Such a large liquidation often signals heightened volatility, with traders scrambling to adjust their positions.
The $29 level is now a critical battleground for ETC.
What’s the Next Move for $ETC ?
1. Bullish Outlook:
If ETC rebounds above $29.50, it could spark a recovery rally, with $30.50 as the next resistance to watch.
2. Bearish Threat:
A continued drop below $29 might open the door for further declines, with $28 acting as the next major support zone.
Trading Tip: Look for signs of volume spikes or price stabilization before entering.
The current market is treacherous—stay sharp and protect your capital!
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