ETC Long Liquidation at $21.67 Signals Short-Term Weakness
I had a long position in Ethereum Classic (ETC) that was liquidated for $51,200 at a price of $21.67.
This forced exit highlights short-term selling pressure and likely high leverage in the market, with stops getting swept and volatility elevated.
I will avoid re-entering until I see clear consolidation and supportive volume; if I trade ETC again I will use smaller size and tighter stops to manage risk.
Analysis
Recommendation
Watch the market and avoid buying into the drop. Wait for confirmed support and lower volatility before adding exposure; if exposed, reduce size or tighten stops to limit further losses.
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.