$AVA Long Liquidation Alert.
Massive Liquidation Spotted:
A whopping $1,159.3K worth of AVA long positions were liquidated at $0.9556. This intense liquidation event marks a critical moment in the market AS BULLS face extreme pressure.
What Happened?
The price crash triggered cascading liquidations, wiping out overleveraged positions. Traders who bet big on the upside saw their positions liquidated as AVA plunged below key support levels.
Key Levels to Watch:
Resistance Zone: $0.9500 - $0.9650
Critical Support: $0.9000 (next defense line for bulls)
Breakdown Risk: Below $0.8900
Analysis:
The liquidation zone highlights a significant stop-loss cluster, revealing weak long positions. The current bearish momentum could push
$AVA lower unless fresh buying interest emerges. Bulls must reclaim $0.9500 to regain control.
For Traders:
Risk Takers: Watch for a possible bounce near $0.9000 for quick scalps.
Conservative Strategy: Wait for a breakout above $0.9650 before entering new longs.
Stop Loss: Tighten risk if AVA dips below $0.8900.
Market Sentiment: With long liquidations dominating, sentiment appears bearish in the short term. However, sharp volatility could offer opportunities for both sides of the trade. Stay vigilant!
Your Move:
How are you trading this intense
$AVA liquidation? Share your strategies below.
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