$AVAX : Massive Short Liquidation Signals Bullish Momentum! 🚀
📊 $25.29K in shorts liquidated at $43.6038, highlighting a potential shift as sellers lose control. Avalanche (AVAX) is primed for a strong move upward, offering an exciting trading opportunity!
Key Levels to Watch
Support Zone: $42.50 - $43.00 (critical base).
Breakout Zone: $44.50 (key resistance).
Targets After Breakout:
1. $46.00 (short-term).
2. $50.00 (medium-term).
3. $55.00 (long-term potential).
Trading Plan for $AVAX
Buy Zone
Dip Entry: $42.50 - $43.50 (near support).
Breakout Entry: Add positions above $44.50 with confirmation.
Targets
1. Target 1: $46.00
2. Target 2: $50.00
3. Target 3: $55.00
Stop Loss
Stop Loss Level: $42.00 (below support to limit downside risk).
What’s Next?
1. Bullish Scenario:
If AVAX holds above $43.00 and breaks $44.50, expect a rally toward $46.00 and beyond.
2. Bearish Scenario:
If price drops below $42.00, avoid entering as bearish momentum could build.
💡 Tips:
Volume Confirmation: Ensure strong volume during a breakout above $44.50.
Risk Management: Use a tight stop loss and avoid over-leveraging.
$AVAX could be ready to surge – Position yourself for the next move! 🎯