$ETH $ INIT Long Liquidation Alert!

Liquidation Amount: $2,109.5

Liquidation Price: $0.58582

Market Insight:

I'm noticing a notable long liquidation at $0.58582, suggesting a sudden bearish pressure that caught buyers off guard.

This event may indicate a short-term downward shift.

Support Zone: $0.55 – A crucial buffer for bulls.

Resistance Level: $0.60 – A key barrier for any recovery.

Trading Tips:

Buy Entry: Look for opportunities around $0.56 for a potential bounce.

Sell Target: $0.59 – A practical exit for quick gains.

Stop Loss: $0.54 – To protect against further declines.

Next Move: If INIT fails to reclaim $0.60, continued downside is likely. However, a strong rebound above $0.58582 may reignite bullish interest. Stay sharp.

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