Massive Liquidation Alert for $AVA

Long Liquidation of $4,882.1 just hit the books at a crucial level of $1.6842.

This liquidation marks a potential turning point in the $AVA market, with significant implications for traders. Let’s break it down:

Key Market Insights.

1. Price Level Impacted:

Liquidation occurred at $1.48477, a critical support zone.

This suggests long positions with high leverage are being wiped out.

2. Market Sentiment:

Liquidations often create a domino effect, driving prices lower in the short term.

However, such moves also attract strong buying interest at lower levels.

3. Key Metrics:

Volume Spike: Indicates high activity at this level.

Funding Rates: Monitor if they shift to negative, signaling bearish pressure.

Trading Strategy.

Short-Term Traders:

Watch for further downside potential if $AVA breaks below $1.480.

Potential Buy Zone:

Accumulate around $1.45 - $1.47, where buyers may regain control.

Targets:

$1.52 (short-term resistance).

$1.58 (major resistance).

Stop Loss:

Set at $1.42 to manage risk.

What’s Next.

This liquidation could lead to high volatility in the next few hours. Stay vigilant and watch for reversal patterns or further downside momentum.

Pro Tip: Keep an eye on broader market conditions and whale movements to gauge the next big move.

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