$AVAX Short Liquidation Analysis

💥 Current Short Liquidation: $20.391K, Price: $38.9877

Market Overview

Avalanche $AVAX ) has seen a significant short liquidation at $38.9877, indicating strong bullish momentum. This could be the start of a potential price rally if buying pressure continues.

Trading Strategy: Buy Plan

Here’s a step-by-step plan to enter this trade:

Buy Zone

Entry Range: $38.50 to $39.00

Tip: Look for stability or minor pullbacks in this range before entering for a safer position.

Targets (Take Profits)

Target 1 (Short-Term): $40.50

Target 2 (Mid-Term): $42.00

Target 3 (Long-Term): $45.00

Stop Loss

Stop Loss Level: $37.50

Reason: A drop below this level could indicate a reversal or loss of bullish momentum.

Key Tips for Traders

1. Volume Confirmation: Ensure there’s strong buying volume near your entry to confirm the trend.

2. Risk Management: Limit your risk to 1-2% of your portfolio to manage potential losses.

3. Stay Informed: Keep an eye on news related to $AVAX or the broader crypto market, as these can lead to quick price changes.

4. Trailing Stop: Once the price hits $40.50, adjust your stop loss to $39.50 to lock in profits.

🚀 Possible Scenario: If AVAX breaks above $42.00, it could set the stage for a push toward $45.00 or higher. Stay disciplined and follow your plan for maximum gains!

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