Short on Ethereum Liquidated — Signs of Bullish Momentum
I had a short on Ethereum that was liquidated. My average entry was $4,621.15 and the total position was about $184,846.
The liquidation underscores upward price pressure and a reduction in levered short interest. Everything has a price, and this trade paid it.
Analysis
Recommendation
Monitor price action and volume for confirmation before opening new short positions; consider waiting for a clear pullback or consolidation if looking to enter, or trim risk if already long.
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.