$AVAX Short Liquidated: $81.3K at $41.64 – Bullish Momentum Takes Hold!
An $81,300 short position on avax was liquidated at $41.64, highlighting strong upward momentum in the market.
This significant liquidation signals increasing buying pressure, potentially forcing more shorts to close and driving prices higher.
Key Details:
1. Short Squeeze Potential: Liquidations of this scale can fuel rapid price surges as bearish traders are forced out.
2. Critical Price Level: The $41.64 level may now act as a pivotal support, paving the way for further bullish moves.
3. Market Sentiment: A liquidation this large suggests that market confidence in $AVAX strength is growing.
Next Moves to Consider:
For Long Traders: Watch for sustained movement above $41.64. If momentum holds, $AVAX could target the $43-$45 range.
For Short Sellers: Hold off on new positions until resistance zones emerge to signal a possible reversal.
Key Levels to Monitor: A break above $43 could trigger further bullish activity, while a dip below $41.64 may signal consolidation.
This $81.3K liquidation has set the stage for potential market shifts—stay vigilant as $AVAX’s next moves could define short-term trends!