$AVAX Long Liquidation: $12.182K at $40.6076

šŸšØ Market Alert:

Liquidation Type: Long

Liquidation Value: $12,182

Liquidation Price: $40.6076

šŸ’¹ Market Insight:

AVAX has experienced a significant long liquidation at $40.6076, highlighting strong selling pressure in the market. This could indicate further bearish momentum or a potential rebound opportunity for buyers at lower levels.

šŸ”„ Whatā€™s Next?

Buy Zone: Look to enter between $39.50 and $40.20, where price consolidation might occur.

Target 1: Aim for $42.00, where initial resistance could emerge.

Target 2: If the recovery strengthens, target $44.00, marking a potential breakout point.

Stop Loss: Place your stop-loss at $38.50 to protect against downside risks.

šŸ’„ Key Levels to Watch:

Support Zone: $39.50 is critical. Holding this level may signal a potential bounce.

Resistance Zone: Breaking $42.00 could open the path toward higher levels, with $44.00 being the next target.

šŸ”” Pro Tips:

1. Volume Confirmation: Monitor buy volume around $40.00 to confirm a potential reversal.

2. Profit Strategy: Lock in partial gains at $42.00 and trail your stop-loss for additional upside toward $44.00.

3. Market Sentiment: Keep an eye on the broader crypto market and AVAX ecosystem updates, as they can influence price movements.

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