$ETH Long Liquidation: $19.893K at $1976.3
We just saw a notable long liquidation on Ethereum around the $1976 zone. When longs get wiped out like this, it usually means late buyers were overleveraged and the market flushed them out. This often creates short-term volatility and can open opportunities on both sides.
Right now, $1970–$1980 is acting as a key reaction area. If price stabilizes above this level, we could see a relief bounce. But if sellers keep control, we may retest lower liquidity zones.
📌 Trade Setup Idea
Bullish Scenario (Bounce Play):
Entry Zone: $1965 – $1985
Stop Loss: $1935 (below recent support and liquidity sweep)
Take Profit 1: $2020
Take Profit 2: $2050
Reason: If liquidation flush is complete, smart money may step in for a short squeeze toward the $2020–$2050 resistance area.
Bearish Scenario (Breakdown Play):
Entry Zone: Breakdown and 1H close below $1950
Stop Loss: $1985
Take Profit 1: $1910
Take Profit 2: $1880
Reason: A confirmed breakdown below $1950 could trigger further long exits and push price into the next liquidity pocket.
Stay sharp and trade smart.
$ETH #VVVSurged55.1%in24Hours #PredictionMarketsCFTCBacking
