$AVAX Liquidation Alert:
Long positions worth $71.7K were liquidated at $47.05. Here’s the breakdown:
Key Highlights:
Liquidation Surge: $AVAX hit $47.05, triggering a significant liquidation of $71.7K in long positions.
Bearish Sentiment: The sharp decline signals a shift in market sentiment, with selling pressure building up.
Volatile Market: Increased volatility may indicate more turbulence ahead, especially if support levels fail to hold.
Next Move:
Short-Term Strategy: Monitor $45.00 for potential support. A breach below this level could lead to further downward momentum.
Risk Management: Tight stop-losses are crucial. Look for a potential bounce if price stabilizes around $47.50.
Stay vigilant and trade carefully!