🚨 $AVAX LONG LIQUIDATION ALERT 🚨
Overview:
Avalanche (AVAX) faced a long liquidation of $10.95K at $36.3799, indicating selling pressure. This could lead to a dip or consolidation, but if support holds, a recovery might offer a profitable trading opportunity.
Key Levels to Watch:
Buy Zone: $35.50 - $36.50
Target Zone: $38.00, $40.00, $42.50
Stop Loss: $35.00
Next Steps:
1. Entry Point: Watch for $AVAX to stabilize within the $35.50 - $36.50 range. Enter a position if the price shows signs of reversal or consolidation above $36.00.
2. Target Levels:
First Target: $38.00
Second Target: $40.00
Third Target: $42.50
Book profits gradually as $AVAX approaches these levels.
3. Stop Loss: Set a stop loss at $35.00 to protect your capital against unexpected market downturns.
Why It’s Worth Watching:
Long liquidations often lead to temporary price dips, creating potential entry points for savvy traders.
If AVAX holds support at $36.3799, it could signal a bullish recovery.
Reminder:
Monitor the price action and trading volume for signs of reversal before entering.
Always follow proper risk management and avoid overleveraging.
Prepare to take advantage of AVAX’s next potential move! 🚀
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