$AVA Short Liquidation Alert 🚨
A $7.6333K short liquidation just happened at $3.11233, creating a potential shift in momentum for $AVA! This could spark a sharp rally or lead to more consolidation. Here’s what you need to know to take advantage of this action!
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What’s Happening?
The liquidation of short positions suggests that the bearish sentiment is being wiped out, which could lead to:
1. A rally as buyers step in, pushing the price higher.
2. A pause or pullback if the price consolidates after the squeeze.
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Buy Zone 🛒
The ideal buy zone for $AVA is between $3.05 - $3.12. This area has historically shown strong support, making it a potential spot for fresh buying.
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Targets 🎯
Target 1: $3.30 (Immediate resistance)
Target 2: $3.50 (Mid-term target with potential to face selling pressure)
Target 3: $3.80 (Key breakout zone with psychological resistance)
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Stop Loss 🚫
Set your stop loss at $2.90. If the price falls below this level, it could indicate a deeper correction, potentially towards $2.80 or lower.
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What’s Next?
If $AVA holds the buy zone: Expect a potential rally towards $3.30, and possibly $3.50, if bullish momentum picks up.
If it breaks below $2.90: Watch for a deeper pullback, with key support at $2.80 and possibly lower levels.
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What to Watch For:
1. Volume: A surge in buying volume in the buy zone could indicate that the price is ready to move higher.
2. Market Sentiment: Keep an eye on the broader market trends, especially BTC and ETH, which often affect altcoins like $AVA.
3. News and Updates: Any developments related to AVA could cause significant price fluctuations, so stay informed.
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⚠️ Disclaimer: This post is for informational purposes only. Always do your own research and manage your risks. The crypto market is volatile—trade with caution!
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