🚨 $AVAX LONG LIQUIDATION ALERT 🚨

Overview:

Avalanche (AVAX) faced a long liquidation of $10.95K at $36.3799, indicating selling pressure. This could lead to a dip or consolidation, but if support holds, a recovery might offer a profitable trading opportunity.

Key Levels to Watch:

Buy Zone: $35.50 - $36.50

Target Zone: $38.00, $40.00, $42.50

Stop Loss: $35.00

Next Steps:

1. Entry Point: Watch for $AVAX to stabilize within the $35.50 - $36.50 range. Enter a position if the price shows signs of reversal or consolidation above $36.00.

2. Target Levels:

First Target: $38.00

Second Target: $40.00

Third Target: $42.50

Book profits gradually as $AVAX approaches these levels.

3. Stop Loss: Set a stop loss at $35.00 to protect your capital against unexpected market downturns.

Why It’s Worth Watching:

Long liquidations often lead to temporary price dips, creating potential entry points for savvy traders.

If AVAX holds support at $36.3799, it could signal a bullish recovery.

Reminder:

Monitor the price action and trading volume for signs of reversal before entering.

Always follow proper risk management and avoid overleveraging.

Prepare to take advantage of AVAX’s next potential move! 🚀

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