⚡ Major Long Liquidation on $AVAX ! ⚡

A significant long liquidation just occurred: $6.7568K at $35.5619. This is a sign that bulls got over-leveraged, and the market punished them. What does this mean for you? Let’s break it all down and plan the next move!

What’s Next?

Liquidations like this often bring increased volatility, but they can also create trading opportunities if you’re prepared.

Buy Zone (For Long Traders):

Watch for price to dip into the $34.50 - $35.00 zone.

This area has strong historical support and could see a bounce.

Target Levels:

1. $36.50 (First resistance and a short-term target).

2. $38.00 (Stronger resistance zone).

3. $40.00+ (If momentum continues, this could be the breakout level).

Stop Loss:

Place your stop at $33.80 to minimize risk if the market trends lower.

For Short Traders:

If $AVAX struggles to reclaim $35.50 quickly, a short could target $34.00 and $33.00.

Keep an eye on momentum shifts around $3.

Key Tips:

Track volume closely: A strong rebound with high volume suggests bulls are back.

Be cautious of false breakouts; always confirm moves before entering a trade.

Follow Bitcoin’s trend—it often impacts $AVAX significantly.

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Final Words:

The AVAX market is at a critical level. This liquidation could bring either a powerful rebound or a deeper correction. Trade smart, use tight risk management, and don’t let emotions control your trades.

Want to explore AVAX further or look into other coins? Let me know! 🚀

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