Ethereum (ETH) Long Liquidation Alert
A significant long liquidation event has been detected: $4,615.90 liquidated at $1,797.48. This movement reflects notable volatility and participation from major market players.
Market Outlook: Following heavy liquidation, ETH may experience a short-term dip before potentially staging a strong recovery.
Strategic Levels to Watch:
Optimal Buy Zone: $1,745 – $1,780
Target 1: $1,850
Target 2: $1,920
Ultimate Target: $2,000
Stop Loss: $1,725 (risk management advised)
Key Recommendations:
Allow ETH to stabilize within the buy zone before considering entry.
Use smaller position sizes to mitigate risk exposure.
Always place a stop loss and adhere to your trading strategy.
Final Note: Periods of high volatility can offer rare trading opportunities. Stay disciplined, manage your risk carefully, and be prepared for potential upside momentum.