Massive Long Liquidation in
$ETHFI A staggering $1.0532K long position has just been liquidated at the critical price level of $1.771. This major shakeout marks a significant moment for traders keeping an eye on
$ETHFI .
What does this mean?
This liquidation suggests a possible rejection or sharp drop near resistance levels, catching over-leveraged long traders off guard. Such moves are often accompanied by increased volatility and could signal a shift in momentum.
Key Observations:
Liquidations like this often clear leveraged positions, paving the way for fresh moves.
The $1.77493 level now holds psychological significance and could act as a resistance or a pivot zone for the next move.
What’s next?
Bulls: A recovery above $1.77493 would signal strength and may trigger new longs.
Bears: If the price remains below this level, it could invite further selling pressure toward lower support zones.
Pro Tips:
Always manage your leverage responsibly! Liquidations like this are a reminder of the risks in high-leverage trading.
Look for confirmation around key levels before entering positions.
Stay sharp and trade wisely.
#ETHFI #BinanceAlphaAlert