๐ #ETH reacted strongly after sweeping the liquidation zone of longs at 1601.66 ๐ฅ
The bearish move hit this block of leveraged positions and, once the cleanup was done, the price quickly bounced back over $40 from the lows.
โ ๏ธ Now Ethereum is approaching zones where short liquidations could accumulate above the price. If the momentum continues, it wouldn't be surprising to see the market hunting those levels to keep fueling volatility.
๐ https://tradingdifferent.com/es/dashboard/liquidation-heatmap?code=binance-square
#ETH #Ethereum #Crypto #Trading #Liquidations
The bearish move hit this block of leveraged positions and, once the cleanup was done, the price quickly bounced back over $40 from the lows.
โ ๏ธ Now Ethereum is approaching zones where short liquidations could accumulate above the price. If the momentum continues, it wouldn't be surprising to see the market hunting those levels to keep fueling volatility.
๐ https://tradingdifferent.com/es/dashboard/liquidation-heatmap?code=binance-square
#ETH #Ethereum #Crypto #Trading #Liquidations