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ETH Long Liquidation: $61.2K Closed at $4,363.71

I saw a large ETH long position liquidated — $61.2K closed at $4,363.71.

That liquidation likely intensified short-term selling and shows vulnerability above current levels; I’m cautious about initiating new longs right now.

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Analysis

The forced exit of a sizable leveraged long typically magnifies downward moves as stop-losses trigger and liquidity is taken. This points to weak demand around the $4.36k area and potential for contin...

Recommendation

I recommend avoiding new long entries and reducing exposure; prefer selling or waiting for clear support and lower leverage before re-entering.

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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