$AVAX The recent long liquidation of $46.599K at $38.5752 suggests a significant sell-off, pushing the price down to this level. Such liquidations often indicate either panic selling or weak market sentiment. However, they can also create opportunities for a reversal or continuation depending on market dynamics.

Current Market Sentiment.

Price Level: Close to $38.5752.

Trend: Bearish in the short term due to liquidation, but potential reversal possible if key support levels hold.

Volume: Monitor for increased buy volume around support zones.

Key Zones for $AVAX.

Buy Zone:

$36.50 - $38.00: This zone is critical as it acts as strong historical support. Buying here can be safer if there are signs of bullish momentum.

Targets:

First Target (T1): $40.50 (nearby resistance level)

Second Target (T2): $43.00 (higher resistance level)

Third Target (T3): $46.50 (major resistance zone from the previous liquidation level)

Stop Loss (SL):

Place your stop loss at $35.90, slightly below the support zone, to minimize risk in case of further downside.

Trading Plan for $AVAX

1. Wait for Confirmation: Look for bullish signals such as strong green candles, increased volume, or RSI moving out of the oversold region.

2. Enter the Trade: If $AVAX stabilizes in the buy zone ($36.50 - $38.00) with positive signs, initiate a long position.

3. Risk Management: Always maintain the stop loss at $35.90 to limit losses.

4. Target Booking: Book partial profits at each target and trail the stop loss to lock in profits as the price moves up.

Key Indicators to Watch.

RSI: If the RSI is below 30, it indicates oversold conditions, which could lead to a potential bounce.

Volume: A spike in buying volume around the buy zone will confirm bullish activity.

Moving Averages (EMA/SMA): Monitor the 50-day and 200-day EMAs for crossover signals indicating trend changes.

#AVAX/USDT #ChristmasMarketAnalysis #BTCNextMove #USUALAnalysis #CorePCESignalsShift