🚨 Almost 3 Million SHIB Longs Could Be Liquidated Soon 🚨
SHIB traders are in a risky spot. If #SHIB drops to $0.00001365, about 2.96 million long positions could be liquidated, with most risk coming from Binance.
A big sell-off could happen fast if that level breaks, like we saw with SHIB in March when prices fell 5–8% quickly.
Right now, $SHIB needs to stay above $0.00001420 and push past $0.00001450 to avoid a sharp drop. If not, a big liquidation could send prices even lower.
Ethereum's price has been stuck in a tight range after weeks of selling, mainly due to global tensions and the ongoing U.S.-China trade issues. Currently, ETH is trading around $1,590, with support at $1,550 and resistance at $1,700.
Experts say this “compressed” price action often leads to a breakout, but it's unclear in which direction. ETH could trigger a recovery if it moves above the 4-hour 200 MA and EMA. The real test is the $2,000 mark—breaking that could boost confidence and attract more buyers.