$AVAX Long Liquidation Alert
A significant $2,018.6 liquidation just hit at $35.4145, shaking up the market dynamics.
This move highlights increased volatility in the $AVAX market, with bears momentarily overpowering the bulls.
Key Takeaways
Liquidation Level: $35.4145
Amount Liquidated: $2,018.6
Market Sentiment: Volatility spikes, favoring downward momentum.
Next Strategic Move
For Traders: If you're bullish, watch for $AVAX to reclaim the $35.5 level with strong buying volume before re-entering.
For Bears: A confirmed rejection at $35.5 or further breakdown below $34 could signal another short opportunity.
Suggested Stop Loss
Longs: Tight stop loss at $34.8 to minimize downside risk.
Shorts: Stop loss at $36.2 to lock in profits if a reversal occurs.
Stay sharp and adapt quickly—this is a high-stakes zone!