$ETH Long Liquidation – $2.66K Cleared at $1799.77

$ETH just experienced a big long liquidation, wiping out over $2.6K at $1799.77. This could indicate a potential pullback or correction as the market adjusts after the liquidations.

That said, this doesn’t necessarily mean the trend is over. $ETH is showing some strong support in the $1790–$1800 zone, and the market could be gearing up for another push higher if buyers step in again.

Why This Could Be a Good Buy:

Key Support Holding: $1790–$1800 range is holding well, which could act as a strong support zone for a potential bounce.

Liquidation Reaction: Liquidations often lead to sharp reversals. If price finds stability here, it could trigger the next leg of upward momentum.

Buyers Still Interested: Despite the liquidation, there's a lot of buying interest in the market. Volume is picking up again.

Buy Zone:

Entry Point: If price dips into the $1790–$1800 zone and holds, this could be a good spot to buy with low risk and solid upside potential.

Target 1: $1850

Target 2: $1900

Final Target: $2000

Stop-Loss:

Risk Management: Set your stop-loss just below $1790 (around $1780) to minimize risk in case the support breaks.

What I’m Watching For:

If ETH breaks above $1800 with strength, it could confirm the bullish continuation.

Watch for volume to pick up as buyers come in to confirm the bounce.

I’m getting ready to buy into this dip, and I’m watching these levels closely. If you’re in this trade, make sure you have a solid stop-loss and watch for confirmation of a bounce.

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