🔥🚨 Alert with $AVAAI/USDT! 🚨 The price is at $0.03765, with a brutal drop of 12.75% in the last 24 hours. This is not for the faint of heart!
The price action shows a clear bearish momentum, breaking important supports. The 24h low is $0.03710, very close to the current price. Keep a close eye on the order book: the supply is clearly dominating the demand.
Open interest has been fluctuating, but the most concerning thing is the average of main traders. Most accounts and positions are short! This suggests that the general market sentiment is bearish for AVAAI. We could be seeing a cascade of liquidity being hunted if there isn't a strong rebound.
A possible long scenario would be to wait for a confirmation of a rebound from this low zone, perhaps near $0.037. But if this area doesn't hold and the price continues to break through, a short to lower levels could be an option, looking for the next significant support.
For now, caution is key. Don't get carried away by FOMO if you see a small rebound; it could be a trap to hunt liquidity.