🚨 $ETH Long Liquidation Alert: $17.423K Liquidated at $3484.53! 🚨
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? Let’s dive into what you need to know for the upcoming market action!
---
What’s Next for $ETH?
1️⃣ 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.
2️⃣ 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.
---
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.
---
Key Signals to Watch:
✔️ A strong move above $3500 with solid volume could signal a bullish continuation toward $3550 and beyond.
✔️ If ETH drops below $3400, it could be the start of a larger pullback—stay alert.
✔️ Keep an eye on Bitcoin and broader market sentiment as they often influence $ETH’s price movements.
---
Pro Tips for Trading $ETH:
🔹 Wait for confirmation—don’t rush into trades without clear signals.
🔹 Use small position sizes to manage risk, especially in volatile market conditions.
🔹 Consider using a trailing stop-loss to lock in profits as the price rises.
🔥 ETH is at a critical level—trade wisely and make the most of the potential moves ahead! 🔥
#BinanceAlphaAlert #GrayscaleHorizenTrust #BinanceLabsBacksUsual #MicroStrategyInNasdaq100 #BTCNextMove