$ETC Liquidation Alert:
$53.3K long position liquidated at $31.26!
Market Breakdown for $ETC
Liquidation Details:
A $53.3K long was liquidated at $31.26, triggering heavy sell pressure and creating potential volatility for $ETC .
Current Price Action:
The liquidation dip may create a buying opportunity if the market stabilizes, or it could extend further if the bearish momentum persists.
Entry Point:
Consider entering near $31.00, where support is likely to form following the liquidation event.
Target Levels:
First Target: $32.00 (short-term resistance level).
Second Target: $33.50 (strong technical resistance zone).
Stop Loss:
Set your stop at $30.50 to protect against further downside risk if the bearish trend continues.
This ETC liquidation creates a crucial moment to trade within the $31.00–$33.50 range with tight risk management for optimal returns!