$AVAX Short Liquidation Surge
A massive $91,800 short position has been liquidated at $40.55, sending shockwaves through the market! This powerful squeeze signals a sudden shift in momentum as bears get wiped out.
What Happened?
Short liquidations occur when sellers bet on a price drop but are forced to buy back at higher levels due to rising prices. This can trigger rapid upward momentum, fueling further gains.
What’s Next for $AVAX ?
Bullish Scenario: With bears getting squeezed, AVAX could aim for the next resistance at $42.00 or higher. A sustained rally may follow if buyers maintain control.
Bearish Pullback: If the price faces rejection near $41.00, a short-term correction to the $39.50 support zone is possible.
Suggested Strategy:
For Optimistic Traders: Watch for a breakout above $41.00 for potential entries, targeting $42.00 or beyond. Use trailing stops to lock in gains.
For Cautious Traders: Wait for a pullback to $39.50 to confirm strong support before entering, ensuring minimized risk.
AVAX is riding a wave of bullish energy—keep an eye on the charts, as the next move could be explosive!
#BNBChainMeme #BTCWatchZone #XRPMarketShift #BinanceHODLerTHE #GODINDataForAI