Sure! Here’s a unique and organic post that breaks down your $ETH Liquidated Short trade, with clear information on buy zone, target, and stop loss:
$ETH Liquidated Short: $32.5K at $3413.92 – What’s Next?
Overview: ETH has recently been liquidated on a short position of $32,500 at a price of $3413.92. This means that someone was betting against Ethereum’s price, but the market moved against their position and liquidated it.
So, what should you do next if you're looking to enter or trade ETH? Let's break it down.
1. Buy Zone (Ideal Entry)
Target Buy Zone:
If you’re looking to buy ETH, the best entry zone could be around $3,300 - $3,400. This price range provides good support, and buying in this range gives you a better risk-to-reward setup.
2. Target Price (Profit Goal)
Target:
If ETH starts to recover and break past the key resistance levels, the next major target could be around $3,800 - $4,000. This would give you a solid profit margin if the market shows bullish movement.
3. Stop Loss (Risk Management)
Stop Loss:
To manage your risk properly, place a stop loss at around $3,150 - $3,200. This protects you if the market moves in the opposite direction.
You can adjust the stop loss based on your risk tolerance.
Why This Strategy?
Support Zone: The $3,300 - $3,400 area is a strong support zone where ETH has previously bounced. This increases the likelihood of a price reversal.
Resistance Levels: If ETH pushes above $3,800, it could go higher, but for now
