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ETH

ETH Short Squeeze: $51.1K Liquidated at $4,487 — Bullish Momentum

I view the recent $51.1K short liquidation on ETH executed at $4,487.22 as a bullish inflection. The squeeze removed some short pressure and likely fueled upside momentum.

I expect near-term continuation if volume confirms the move above recent resistance. I will monitor for follow-through or a clean retracement to support before adding size.

My approach is to buy on confirmation or scale in on a controlled pullback, keeping stops tight to manage risk.

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Analysis

A $51.1K short liquidation at $4,487.22 indicates a short squeeze that reduces immediate downside risk and can catalyze further gains if supported by volume. Watch for follow-through above nearby resi...

Recommendation

Buy on confirmed follow-through or scale in on a controlled pullback with tight risk management; avoid chasing into thin liquidity without confirmation.

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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