Avalanche $AVA Short Liquidation Alert.

$5.4359K worth of shorts liquidated.

Price Level: $1.4391.

The market just witnessed an intense liquidation event. Short sellers betting against Avalanche (AVA) faced the heat as prices surged to $1.42339, causing a liquidation of over $5.4K in short positions. Here's the full story:

What Does This Mean.

1️⃣ Short Liquidation: Traders who were expecting the price to drop got liquidated when the market moved against them. This often triggers further upward momentum.

2️⃣ Price Momentum: This liquidation signals buying pressure at key levels, possibly attracting bulls to capitalize on the move.

Key Levels to Watch.

Support: $1.39 (Previous support, may act as a fallback level)

Resistance: $1.45 (Next hurdle for bulls)

What's Next.

If the buying pressure sustains, $AVA might target higher resistance zones.

However, a failure to maintain this level could invite short-sellers back into the market.

Note for Traders: Stay cautious during volatile moves and use appropriate risk management strategies to avoid similar liquidations.

Keep watching the charts for opportunities.

Let me know if you'd like a detailed technical analysis or trading plan for $AVA

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