$AVAX Long Liquidation: $7.17K at $21.5936

Avalanche just saw another round of long positions wiped out. Momentum is turning cautious.

📉 Trend: Bearish

The price slipped below a key zone, triggering liquidations.

Bulls are losing grip on short-term support.

📊 Market Sentiment:

• Fear rising among long holders

• Volume thinning on upward moves

• Bears getting more aggressive near $22

💡 Next Move:

Hold or Wait

Avoid catching a falling knife.

Watch for consolidation or a recovery above $22 before entering.

🎯 Downside Targets:

• Target 1: $20.80

• Target 2: $19.60

• Target 3: $18.25

🛑 Stop Loss (for shorts): $22.45

🔻 Support: $21.00

🔼 Resistance: $22.20

Summary:

$AVAX is breaking down with long liquidations adding fuel.

If it fails to reclaim $22 quickly, expect more downside pressure.

Let the dust settle before re-entering.

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