ETC Liquidation Signals Short-Term Downside — $51.2K Closed at $21.67
I was liquidated on a sizeable ETC long — $51.2K closed at $21.67 — which highlights a sharp move against leveraged longs.
This liquidation raises my caution: it points to immediate selling pressure and higher intraday volatility. I’ll watch volume, funding and nearby support before committing more capital.
Analysis
The large long liquidation at $21.67 implies breach of margin support and an unwind of leveraged positions, increasing downside risk until price stabilizes or demand reappears.
Recommendation
I will watch price action around $21.67 and avoid adding new long exposure until clear stabilization or a reclaim above nearby resistance; reduce risk if still exposed.
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.