$AVAX Liquidation Alert: Long positions worth $145K were liquidated at $46.62. Here’s the breakdown:
Key Highlights:
Massive Liquidation: $AVAX hit $46.62, triggering a significant liquidation of $145K in long positions.
Bearish Pressure: The sharp decline signals growing selling pressure, indicating potential continued downward momentum.
Market Volatility: The liquidation suggests heightened volatility, with price action prone to further fluctuations.
Next Move:
Short-Term Strategy: Watch $45.00 for key support. A breach below could lead to further downside, targeting $43.00.
Risk Management: Tighten stop-loss orders and look for signs of stabilization or reversal near $47.00.
Stay vigilant and adjust your strategy as needed!
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