🚨 $AVAX Long Liquidation Alert 🚨
A $13.8K long position just got liquidated at $39.4277! This suggests big moves are happening in the market. Let’s break it down for you:
1. Market Reaction: With such a large liquidation, we may see a pullback, but this could also present a potential opportunity for buying if $AVAX stabilizes.
2. Buy Zone: Consider entering between $38.50 - $39.00. This price range could act as a support level, providing a good entry point if the market shows signs of bouncing.
3. Target Price: Keep your eyes on a potential target around $42.00. If the momentum is strong, we could see pushing higher towards $45.00.
4. Stop Loss: Protect your position with a stop loss at $37.00. This will help minimize losses in case the price breaks below support levels.
⚠️ Caution: Liquidations can create sharp moves, so be sure to monitor $AVAX closely. Adjust your strategy as needed and always trade within your risk tolerance.
Stay alert, stay ready, and trade smart! 🚀
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