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$AVA Long Liquidation Alert

$1,069.1 worth of AVA longs have just been liquidated at the crucial price of $1.3488
The market takes a sharp turn downward, catching bullish traders off guard as leveraged positions get wiped out.

Key Details

Asset AVA

Liquidation Type Long

Liquidation Value $1,069.1

Liquidation Price $1.3488

What Does This Mean

A long liquidation happens when the price drops below the margin maintenance threshold, forcing traders betting on a rise to exit their positions.

This indicates bearish pressure, with sellers driving the market lower

Market Analysis

The $1.3488 level now becomes a key zone to watch. A failure to reclaim this level could signal further downside potential.
Traders should be cautious of a potential cascading effect if liquidation triggers continue.

Advice for Traders

Observe price action closely around $1.3488 to spot signs of recovery or continued bearish momentum.
Manage risks carefully and prepare for increased volatility, especially in this critical price range

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