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Ethereum Liquidation at $3,610.55 Signals Short-term Market Resistance

I faced a liquidation on my ETH long position, totaling $83,300 at the price point of $3,610.55. This indicates that my previous bullish stance was challenged as the market moved against my expectations, leading to the forced closure of my position.
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AI Analysis

The recent liquidation of a significant ETH long position at $3,610.55 reflects a moment of market pressure where the bullish momentum failed to sustain. Liquidations often occur when market prices mo...

AI Recommendation

Given the recent liquidation near $3,610.55, I recommend caution for traders considering new long positions in ETH. Wait for clear technical confirmation that the price can break through this resistan...

Disclaimer

The AI 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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