buy
ETH Short Liquidation at $4,412 Indicates Short-Squeeze Bullish Momentum
I noticed a large ETH short liquidation at an average price of $4,412 for about $154,394 — a clear short-cover event creating upward pressure.
I view this as an intraday bullish signal driven by forced buying, not yet proof of a sustained trend.
I’ll monitor follow-through volume and key resistance levels before committing, favoring staged entries or buys on confirmed strength.
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Analysis
The liquidation suggests forced short covering that likely pushed price higher in the short term. This creates momentum but isn’t conclusive trend confirmation — volume, resistance breaks, and momentu...
Recommendation
I recommend monitoring volume and price action: consider a staged buy after a confirmed breakout or on a disciplined pullback; use stop-losses and position sizing to manage the risk from potential rev...
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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