🔥 ETH
📌 Event Details:
• Event Type: Short Liquidation
• Volume Liquidated: $30.3K
• Trigger Price: $1888.70
🎯 Trade Setup:
• Entry Zone: $1,885–$1,895
• TP1: $1,915
• TP2: $1,940
• Stop-Loss (SL): $1,870
📊 Market Analysis:
The short liquidation at $1,888.70 indicates that price moved through a concentrated liquidity pocket, forcing bearish positions to close and creating additional buying pressure. Once this liquidity was absorbed, the order book likely thinned above the trigger level, allowing price to extend into nearby resistance with stronger momentum. Holding above the liquidation zone would reinforce the recent structural breakout and could attract further spot demand as buyers defend higher support. A sustained increase in trading volume above this area would strengthen the probability of continuation toward the next resistance levels.
🛡️ Risk Management: Allocate only a measured portion of capital to the position and limit total exposure until price confirms support above the breakout zone.
