$AVA We’ve just seen a significant liquidation of a long position in
$AVA , amounting to $4.8507K at the price of $1.3886. This liquidation is a key signal to monitor, as it could have an impact on short-term price movements.
Key Observations.
Long Liquidation Impact: A large liquidation can lead to price corrections. Traders who were holding long positions have been forced out, potentially increasing market volatility.
Current Price Action: If we see a sharp drop after this liquidation, it might indicate a larger market sell-off or a consolidation phase before the next move.
What’s Next for
$AVA We need to focus on key levels to plan the next steps
1. Buy Zone:
Look for a good entry point between $1.25 to $1.30. This range could act as a support zone if the price dips further after the liquidation event. This is where we might see buying interest and a potential reversal.
2. Target:
Set your first target around $1.50. This level could be a resistance point where the price may struggle to break through initially. If the momentum is strong, consider targeting $1.60 as the next level to take profits.
3. Stop-Loss:
Place your stop-loss just below $1.20. This provides a safety net in case the market continues to drop, protecting you from significant losses.
Summary.
Buy Zone: $1.25 - $1.30
Target: $1.50, with the next target at $1.60
Stop-Loss: $1.20
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