$AVAX /USDT – Bullish Breakout Setup
Long liquidation recorded: $18.62K at $34.81. This reset has flushed over-leveraged longs, clearing the path for a potential bullish rebound if support holds.
Key Levels
Immediate Support: $34.20 – $34.80 (post-liquidation demand zone)
Resistance Zone: $36.00 – $36.50
Breakout Confirmation: $37.20
Major Resistance: $38.50
Trade Setup
Entry Zone: $34.80 – $35.20 (accumulation range near liquidation level)
Stop-Loss: $33.90 (below structural support)
Targets:
TP1: $36.00
TP2: $37.20
TP3: $38.50
Market Sentiment
Long liquidation suggests weak hands have been cleared, often paving the way for healthier upward momentum.
Bulls are expected to defend the $34.80 area, which now acts as a critical support base.
Sustained buying pressure above $36.00 could fuel a breakout toward $37.20 and potentially $38.50.
If price slips below $33.90, the bullish setup is invalidated and a deeper correction may follow.
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