🚨 Market Update: $ETH Liquidation Alert!
A short position worth $50.3K has just been liquidated at $3,364.99! This signals strong buying momentum, as bears are being squeezed out of their positions.
Support & Resistance Levels:
Support: $3,300 – A key level where buyers are stepping in to defend.
Resistance: $3,400 – Immediate hurdle for bulls; a break above could trigger another rally.
... What’s Next?
1= If $ETH breaks above $3,400, expect it to push towards $3,500 or higher. Consider buying on breakout with tight stop-loss below $3,350.
2=If ETH struggles and falls below $3,300, it could dip to $3,250. In that case, wait for better entries.
Pro Tip:
Monitor volume closely. High volume at resistance suggests a potential breakout.
Risk management is key; don’t risk more than 2% of your portfolio on a single trade.
Trade wisely and stay updated!