$AVAX : Massive Short Liquidation Points to Bullish Momentum! 🚀
📊 $29.298K in shorts liquidated at $44.1898, highlighting growing bullish pressure. Avalanche (AVAX) looks set to climb higher as buyers take control.
Key Levels to Watch
Support Zone: $43.50 - $44.00 (strong foundation for price).
Resistance Zone: $45.50 - $46.00 (critical breakout level).
Targets After Breakout:
1. $47.00 (short-term).
2. $50.00 (medium-term).
3. $55.00 (long-term potential).
Trading Plan for $AVAX
Buy Zone
Dip Entry: $43.50 - $44.50 (near support).
Breakout Entry: Add positions above $45.50 after confirmation.
Targets
1. Target 1: $47.00
2. Target 2: $50.00
3. Target 3: $55.00
Stop Loss
Stop Loss Level: $43.00 (below support to limit risk).
What’s Next?
1. Bullish Scenario:
If AVAX holds above $44.00 and breaks $45.50, expect a rally toward $47.00 and beyond.
2. Bearish Scenario:
A fall below $43.00 may lead to further downside, so avoid entering at that level.
💡 Tips:
Volume Confirmation: Ensure strong volume during the breakout above $45.50.
Risk Management: Stick to your stop loss and avoid over-leveraging.
$AVAX is gearing up for its next move—Don’t miss the action! 🎯
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