$ETH /USDT – Longs Just Got Wrecked!
Long Liquidation: $1,004.70 at $2,438.60
Over $1K in long positions were wiped out at $2,438.60, hinting at a potential local bottom or more pain ahead.
These liquidation events often spark short-term volatility—and sharp reversals if support holds.
📊 Rebound Setup (if support holds):
Entry Zone: $2,430 – $2,440
TP1: $2,475
TP2: $2,510
TP3: $2,545
Stop Loss: $2,395
📍 Key Levels:
Liquidation Zone: $2,438.60
Support: $2,400
Resistance: $2,475
24H Range: $2,390 – $2,495
📈 Market Insight:
This liquidation flush shows the market shaking out overconfident longs.
If price stabilizes near $2,430, it could create a bounce opportunity—especially if buyers start stepping in aggressively.
However, if $2,400 breaks, further downside is likely, so risk management is key.
💡 Pro Tip:
Watch for consolidation and volume spikes at the liquidation zone.
A bullish engulfing candle or reclaim of $2,450 could signal strength returning.
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