$AVAX Short Liquidation Alert: $1.0863K at $37.4591
Key Details:
A short liquidation of $1.0863K has been triggered at $37.4591, signaling a shift in momentum favoring bulls.
This event points to increased buying pressure, potentially fueled by a breakout or short squeeze.
Traders caught in short positions were forced to close, adding fuel to the bullish move.
What This Means:
1. Bullish Momentum: The liquidation indicates that buyers are regaining control.
A continuation of this trend could push $AVAX toward higher resistance levels.
2. Key Price Zone: $37.45 now acts as a critical inflection point.
Sustained movement above this level could confirm a trend reversal or continuation.
3. Volatility Ahead: Liquidations often lead to heightened price swings, creating both opportunities and risks for traders.
Next Move Suggestions:
1. For Long Traders: Consider entering above $37.50 if volume remains strong.
Targets to watch include $38.00 and $39.00, with a stop-loss around $37.00 to manage risk.
2. For Short Traders: Wait for a potential rejection near $38.00-$38.50 before reentering.
Use a tight stop-loss above $39.00 if attempting a short.$AVAX
3. For Neutral Traders: Observe price action near $37.45.
A consolidation here could provide clues about the next significant move.
Key Levels to Watch:
Support: $37.00, $36.50
Resistance: $38.00, $39.00
Market Sentiment:
This liquidation highlights a potential shift in market dynamics.
Keep a close eye on trading volume and whale activity to gauge whether bulls can maintain dominance.
Execute trades with caution and always use proper risk management!
