$AAVE Long Liquidation Alert!
Liquidation Amount: $1,511.30
Liquidation Price: $351.462
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Key Details:
1. A $1.51K long position was liquidated at $351.462, highlighting significant selling pressure as bulls failed to maintain critical support.
2. The $351-$355 zone has now become a crucial pivot—further breakdowns could lead to deeper corrections, while a rebound could mark this level as a strong support.
3. Increased liquidations in this region may trigger heightened volatility, creating opportunities for sharp moves in either direction.
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Next Move:
For Bulls:
1. Reentry Opportunity: Look for signs of stabilization near $350 before considering long positions.
2. Stop Loss: Set a stop below $345 to manage downside risk in case of further declines.$AAVE
3. Upside Targets:
Short-term: $360-$365
Extended: $375 if momentum builds.
For Bears:
1. Short Entry: Consider shorting if the price decisively breaks below $350, confirming a bearish continuation.
2. Stop Loss: Place a stop above $355 to avoid a sudden rebound.
3. Targets:
Immediate downside: $340-$345
Deeper support: $325-$330
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Market Outlook:
The $350 level is now the key battleground. A successful defense could lead to a recovery rally, but failure to hold may accelerate downside moves.
Monitor trading volume and liquidation clusters to identify potential reversals or trend continuation.$AAVE
Stay sharp, and trade with discipline!