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Short Liquidation at $22.64 Signals Bullish Pressure on Ethereum Classic

I saw a $50.5K short on Ethereum Classic get liquidated at $22.64, which signals short-covering and immediate buying pressure.

I view this as a near-term bullish sign but not definitive; I will watch volume, order-book depth, and whether price holds above nearby resistance before adding exposure.

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Analysis

The liquidation implies short-squeeze dynamics that can fuel a short-lived rally, but the notional size is small relative to ETC’s market depth. Confirming signals would be increased volume, sustained...

Recommendation

Watch price and volume for confirmation. Consider buying on a validated pullback or after a clear breakout, with tight stops to limit downside risk.

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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