💥 A significant $10.18K long liquidation just happened at $39.3099, sending shockwaves through the market! With heavy selling pressure, $AVAX is at a crucial crossroads. This could open doors for smart traders to profit from the next big move.
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🔎 What’s Happening?
Long liquidations occur when bullish traders are forced to sell, causing prices to dip further. This often leads to volatility, but it also presents an opportunity for a rebound if key levels hold.
📉 Key Market Levels:
Resistance: $40.50 - $41.00 (Immediate sell zone)
Support: $37.50 - $38.00 (Critical buying area)
AVAX is teetering near key support. A breakdown could lead to further losses, while a bounce could spark recovery.
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🔥 Trading Plan (Next Move):
Buy Zone (Entry Point):
Look to enter at $37.80 - $38.20 if price stabilizes or shows signs of reversal.
Target Levels:
First Target: $40.00 (Test of immediate resistance)
Second Target: $42.00 (Breakout zone with momentum)
Stop Loss:
Place your Stop Loss below $37.50 to protect against a deeper drop.
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⚡ Pro Tips for Trading $AVAX:
1. Volume Confirmation: Watch for increased buying volume near $38.00 to confirm strength.
2. Rebound Signal: A quick recovery above $39.50 could indicate a strong bullish reversal.
3. Risk Management: Stick to your Stop Loss, and avoid chasing the price if volatility increases.
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🔥 Market Insight: $AVAX is at a make-or-break point. The battle between bulls and bears will play out around $38.00, and the outcome will dictate the next big move.
Stay disciplined and trade wisely. Let me know if you want live updates as the situation develops! 💹