$AVAX Long Liquidation: $1.17K Wiped Out at $53.3!

A sharp move just shook the market! 🚨 $1,172.6 in long positions were liquidated as #AVAX dropped to $53.3, leaving traders trapped in a sudden downturn.

What Happened?

🔹 Bullish Sentiment Reversed: A strong push to the downside caught long traders off guard, triggering significant liquidations.

🔹 Support Broken: The critical $55 level failed to hold, sparking a sharp sell-off.

🔹 Market Impact: This liquidation event adds to the growing uncertainty in the market, with short-term bearish sentiment taking hold.

What’s Next for #AVAX?

Support Levels to Watch: Traders are eyeing the $52 range for potential stabilization.

Bearish Continuation? A sustained breakdown below $52 could lead to further declines, with $50 as the next major support zone.

Reversal Possibility: If buying pressure reappears, reclaiming $55 could signal a potential bounce back.

💡 Pro Tip: Watch for price action around key support levels and consider tightening stop-losses to protect against further volatility.

Can #AVAX bounce back, or is the market set for more downside? Keep an eye on the next moves! 📉

#CryptoAlert #AVAX #LongLiquidation #BearishMomentum