$AVAX Short Liquidation: $2.3903K Wiped Out at $39.185 – Bulls Take Command!
A massive $2.3903K short liquidation at $39.185 has set the AA avax market ablaze, with bulls taking full control and forcing shorts to capitulate.
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This surge marks a critical moment where momentum could lead to explosive gains.
Key Details:
Liquidation Amount: $2.3903K
Liquidation Price: $39.185
Market Sentiment: Strong bullish momentum, with short sellers caught off guard.
What’s Next?
For Bulls:
Watch for confirmation of a move above $39.50—if $AVAX clears this resistance, the next target could be $40.00 and beyond.
Volume is key: Strong buying interest will help sustain this momentum.
For Bears:
Monitor $39.50 and $40.00 as critical resistance levels. A failure to break these areas may prompt a pullback to $38.50 or lower.
Look for signs of exhaustion before attempting new short positions.
Strategic Moves:
Long Entry: Enter above $39.50, targeting $40.00 and $41.00 for further upside.
Short Entry: Consider shorting below $39.00 if the price fails to hold above $39.50.
Stop-Loss Recommendations:
For Longs: Place a stop-loss below $38.50 to manage risk in case of a pullback.
For Shorts: Set a stop-loss above $40.00 to avoid major losses if the bullish trend continues.
$AVAX is poised for action—stay sharp, follow the momentum, and get ready for potentially huge moves!