sell

Ethereum long liquidated at $4.6k — signs of selling pressure

I had a long on Ethereum that was liquidated for $77,100 at $4,604.33.

This liquidation underscores recent downside pressure and heightened volatility around the $4.6k area; I'm stepping back until I see clearer support and lower volatility.

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Analysis

A $77.1K long liquidation at $4,604.33 indicates stops were triggered near that level, adding short-term selling momentum. This increases downside risk and suggests traders are being overleveraged int...

Recommendation

Avoid initiating fresh long positions until price shows stabilization above key support or a clear reversal signal. Consider reducing exposure or waiting for lower-risk entry points; if inclined to tr...

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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