ETH Long Liquidated at $4,639 — Exercise Caution
I recorded a long liquidation on ETH/USDC with an average entry near $4,639 that was stopped out.
The position size was about $260,879, which suggests elevated leverage and a liquidity-driven move rather than a clean trend reversal.
I take this as a reminder to manage risk and avoid chasing leveraged longs in choppy conditions.
Analysis
Recommendation
I recommend waiting for price stabilization and clearer confirmations before re-entering longs; reduce leverage, tighten risk controls, and watch for regained support before committing fresh capital.
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.