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ETC

ETC: Long Liquidations Signal Bearish Pressure Near $20.43

I'm noting that ETC liquidated long: $71.5K at $20.43.

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Analysis

The report of a sizable long liquidation on Ethereum Classic (ETC) at $20.43 indicates renewed bearish momentum, as leveraged longs capitulate. This can create a quick move lower if liquidity dries up...

Recommendation

Given the liquidation of long positions at a notable level, consider adopting a cautious stance on aggressive long exposure to ETC in the near term. For risk-managed traders, it may be prudent to tigh...

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.

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