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Ethereum Long Liquidation Recap
I’m sharing my Ethereum stance based on my recent trades. The ETH position shows a long liquidation with an average entry around 4250.23 and a total exposure of approximately $87,478, indicating strong downside pressure against my prior long call. This signals we faced a significant stop-out or forced liquidations, suggesting volatility and risk in the current setup. I’m watching for new signals to reassess risk/reward as price action unfolds, and I’d consider re-entering only on a favorable push or clear trend reversal.
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Analysis
The message indicates a forced liquidation of a long ETH position, implying downward price pressure and potential risk-off sentiment among traders. An average price of 4250.23 and substantial notional...
Recommendation
Given the liquidation event, adopt a cautious approach. Avoid initiating new large long exposures until price validates a clear bottom and a credible reversal signal. If you’re considering trades, a w...
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.