Massive Liquidation Alert.
$AVA Short Liquidation: $1.017K wiped out at $1.1232.
The market just punished short sellers in dramatic fashion as surged past the critical resistance level of $1.12361. This unexpected upward momentum triggered a significant liquidation event, forcing short positions to close automatically.
What does this mean.
1️⃣ Liquidation Level Breached: The shorts assumed $AVA would dip but underestimated the bulls' strength, who rallied to seize control.
2️⃣ Market Sentiment Shift: This liquidation event shows rising bullish pressure, possibly signaling a breakout phase for $AVA.
Technical Insights:
Next Resistance: $1.15
Support Zone: $1.10
Volatility: Expect increased price action near these levels as traders reposition!
What’s next
If bullish momentum continues, $AVA could eye a climb towards $1.20 or higher. However, a pullback below $1.12361 could reintroduce volatility. Traders should monitor these levels closely.
Pro Tip for Traders:
Keep your stop-loss tight and watch for volume surges. Bulls might continue dominating, but reversals can happen fast.
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