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ETH Longs Liquidated at $4,516 — Watch for Short-Term Pullback
I saw a $74.7K long liquidation in ETH executed at $4,516.74.
I take this as evidence of short-term selling pressure and stop hunting around current levels.
I would be cautious about initiating new long positions until volatility eases and support is re-established.
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Analysis
The $74.7K liquidation highlights localized over-leverage and intraday selling pressure but is small relative to ETH's market depth; it suggests a possible near-term pullback driven by stops rather th...
Recommendation
I recommend trimming or closing vulnerable long positions and avoiding new longs until ETH establishes clear support or shows reduced liquidation activity; consider selling into strength or waiting fo...
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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