$AVAX Short Squeeze Alert.

Massive Liquidation at $39.68.

Today, we've witnessed a jaw-dropping short liquidation in the Avalanche ($AVAX) market. A staggering $9.1473K worth of shorts were liquidated as surged past $39.4282.

Key Highlights:

Liquidation Value: $9,147.30

Price Trigger: $39.4282

Market Impact: A major short squeeze has created massive volatility, forcing short positions to close rapidly, leading to a dramatic price spike. This is exactly what traders live for.

What Does This Mean for $AVAX?

The $AVAX price push above $39.43 shows strong bullish momentum.

Shorts covering and long positions opening up could push the price even higher, potentially testing new resistance levels.

Watch out for continued volatility and keep an eye on support at lower levels. A retest of $38.50 or even $37.00 could act as the next buying opportunity for those looking to ride the trend.

Be Cautious.

With such liquidations, the market could be volatile. If you're planning to enter, make sure you have tight stop losses set around key levels to manage your risk. The next resistance is likely near $41.00.

TL;DR: Short liquidations at $39.43 have sparked a surge in $AVAX price. Are we in for more upside, or is this a trap for overzealous bulls? Stay tuned and trade carefully.

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