Massive Shake-Up: $ETC Short Liquidation Fuels Bullish Momentum
A staggering $13,682 short position was liquidated at $28.526, marking a powerful surge in buying pressure for $ETC .
This significant liquidation underscores the growing dominance of bulls, forcing shorts out of their positions as prices climb.
Key Details:
1. Liquidation Level: $28.526
2. Amount Liquidated: $13,682
3. Market Sentiment: Bullish, as shorts succumb to rising demand.
Next Move:
Support Level: $28.00 – Bulls need to hold this level to sustain the rally.
Resistance Level: $30.00 – Breaking this psychological barrier could ignite further upside momentum.
Suggested Stop-Loss Strategy:
For Longs: Place a stop-loss below $28.00 to protect against sudden reversals.
For Shorts: Set a stop-loss above $30.00 to minimize losses if the bullish rally extends.
$ETC is on fire—expect heightened volatility as the market eyes higher levels!