$AVAX just saw a massive $139K long liquidation at $38.35, signaling pressure on bullish positions and raising concerns of a potential correction.
The market's response will be crucial in determining whether Avax can recover or if further downside is likely.
ENTRY POINT: $38.00
STOP LOSS: $36.50
TARGET: $42.00
Buy:
If $AVAX stabilizes above $37.50, it could present a buying opportunity for a bounce towards $42.00.
Sell:
If $AVAX breaks below $35.50, consider selling, as it may signal further downside.
Hold:
For those already holding $AVAX, holding could be an option if the price stays above $39.00. Watch for signs of stabilization to assess potential upside.