$AVAX 🚨 Heavy Long Liquidation Alert — $67.4K wiped at $8.946!
The market just triggered a sharp long liquidation sweep, forcing overleveraged bulls out of their positions. This kind of flush usually signals aggressive sell pressure and a liquidity hunt below key support zones.
When long positions get wiped at this scale, it often means the market is resetting leverage before the next major move. Bears currently have the momentum, and price may continue probing lower liquidity pockets.
📊 Technical Outlook:
The rejection around $8.94 indicates weakening bullish structure. If sellers maintain control, AVAX could drift toward the next demand areas where buyers may attempt a defense.
Signal Setup
🔹 EP (Entry Price): $8.90 – $9.00
🔹 SL (Stop Loss): $9.35
🔹 TP1: $8.60
🔹 TP2: $8.30
🔹 TP3: $8.00
⚡ Strategy: Look for rejection and rising sell volume around the entry zone. Continued liquidation pressure could accelerate downside momentum quickly.
Trade carefully — liquidation cascades can create sudden, high-volatility moves.$AVAX
