Liquidated on Ethereum Long at $4,704 — Short-Term Bearish Signal
I was liquidated on a $60,000 Ethereum long at $4,704.41. The stop-out highlights heavy leverage and a swift move against bulls.
This liquidation increases short-term selling pressure and raises the chance of a retest of nearby support. I’m hesitant to re-enter longs until volatility settles or clearer confirmation appears.
Analysis
Large long liquidation at ~ $4.7k points to heightened bearish momentum and elevated risk of further downside or choppy action around support levels.
Recommendation
Avoid initiating new long positions now; either wait for support confirmation or look to buy on weakness with reduced position sizing.
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.