Avalanche $AVA Short Liquidation Alert.
$5.4359K worth of shorts liquidated.
Price Level: $1.4391.
The market just witnessed an intense liquidation event. Short sellers betting against Avalanche (AVA) faced the heat as prices surged to $1.42339, causing a liquidation of over $5.4K in short positions. Here's the full story:
What Does This Mean.
1️⃣ Short Liquidation: Traders who were expecting the price to drop got liquidated when the market moved against them. This often triggers further upward momentum.
2️⃣ Price Momentum: This liquidation signals buying pressure at key levels, possibly attracting bulls to capitalize on the move.
Key Levels to Watch.
Support: $1.39 (Previous support, may act as a fallback level)
Resistance: $1.45 (Next hurdle for bulls)
What's Next.
If the buying pressure sustains, $AVA might target higher resistance zones.
However, a failure to maintain this level could invite short-sellers back into the market.
Note for Traders: Stay cautious during volatile moves and use appropriate risk management strategies to avoid similar liquidations.
Keep watching the charts for opportunities.
Let me know if you'd like a detailed technical analysis or trading plan for $AVA
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