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ETH $113K Long Liquidated at $4,397 — Caution Around $4.4k
I had a $113K long on Ethereum liquidated at $4,397.76. The liquidation underscores how quickly leveraged longs can be wiped out around the $4.4k area.
This event suggests elevated downside pressure and heightened volatility for ETH. I'm being cautious and won't add new long exposure until I see clear support or a reduction in market leverage.
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Analysis
The sizable liquidation likely triggered clustered stops near $4.4k, indicating short-term bearish momentum and fragile market structure. This increases the probability of further volatile moves until...
Recommendation
Avoid adding fresh long positions for now, reduce leveraged exposure, and wait for confirmed price support or clear trend stability before re-entering. If trading, use tight stops or size down positio...
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.