😡Warning for those who are holding Long ETH and #Altcoin – Be careful of the "liquidity wipeout"!
According to the ETH Liquidity Heatmap – Lookback 1 Month, there is currently a massive cluster of liquidity from the Long side, extending from the current price down to $1,430.
This poses a significant risk: $ETH could potentially flash dump unexpectedly to "clean out" this liquidity pile, before reversing to go up again (if it does).
Those who are holding #Long should be extremely cautious, carefully consider stop-losses, and avoid FOMOing at the peak. Remember: before going up, the market always "stops by the graveyard" for a round!
#bearishmomentum
According to the ETH Liquidity Heatmap – Lookback 1 Month, there is currently a massive cluster of liquidity from the Long side, extending from the current price down to $1,430.
This poses a significant risk: $ETH could potentially flash dump unexpectedly to "clean out" this liquidity pile, before reversing to go up again (if it does).
Those who are holding #Long should be extremely cautious, carefully consider stop-losses, and avoid FOMOing at the peak. Remember: before going up, the market always "stops by the graveyard" for a round!
#bearishmomentum
