Machi Fully Liquidated on 25x ETH Long Position
- Severe Liquidation Loss: Well-known on-chain trader Machi was fully liquidated on a 25x leveraged ETH long position, resulting in a loss of $1.9 million, highlighting the risks associated with high-leverage trading.
- Staggering Cumulative Losses: Machi's total losses from high-leverage ETH positions have reportedly exceeded $25 million, indicating significant financial pressure that could impact his future trading strategies in volatile markets.
- Immediate Re-entry Raises Eyebrows: Following the liquidation, Machi opened another 25x ETH long position, a behavior that is uncommon among aggressive traders, potentially compounding his risk exposure in a volatile environment.
- Increased Market Volatility: With Machi's new position at risk of liquidation if ETH prices decline, there is heightened awareness among traders regarding large leveraged positions, necessitating caution due to potential price swings and forced liquidations.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for
Technical Sentiment Analysis for (). As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
About the author
