$AVAX Long Liquidation: $12.182K at $40.6076
šØ Market Alert:
Liquidation Type: Long
Liquidation Value: $12,182
Liquidation Price: $40.6076
š¹ 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.
š„ Whatās 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.
š„ 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.
š 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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