$AVAX traders, buckle up! A massive liquidation event just unfolded with a $78.9K long position wiped out at $46.52.
This move signals a high-stakes shift in market momentum.
Entry Point: The market spiked at $46.52, triggering massive liquidations as traders failed to hold their positions.
This level now serves as a pivotal point to watch.
Target: If the price stabilizes and regains momentum, a breakout above $48 could push AVAX toward the $50 mark. Eyes on the next resistance levels.
Stop Loss: Set a tight stop loss around $44.50 to manage risk effectively. A dip below this could signal further downside pressure.
The action is heating up with $AVAX at a crossroads—are you prepared to ride the wave or will you get caught in the undertow?