$AVAX Liquidated Long: $58.1K at $37.78
A $58.1K long position on $AVAX was liquidated at $37.78, reflecting significant downward pressure and the volatile nature of the current market.
MARKET ANALYSIS:
The liquidation suggests a bearish shift in market sentiment for $AVAX with the potential for further downside.
Key support is located around $36, which could act as a level for stabilization or a potential reversal.
Buy/Sell/Hold Opinion:
Given the bearish momentum, it may be best to hold off on new buy positions until a clear support level is confirmed, preferably near $36.
For those looking to sell, resistance around $40 could provide an opportunity.
As volatility remains high, risk management is essential for any trade decision.