$AVAX 📉 | Leverage Flush Creates a Critical Test
AVAX saw $98.8K in long liquidations near $9.878, signaling that leveraged buyers came under pressure. The reported daily technical structure remained constructive, but short-term weakness needs to be assessed against the nearest support and resistance zones.
🔹 Support: $9.65–$9.72
🔹 Resistance: $10.09–$10.12
🎯 Next Target: $10.42 after a confirmed reclaim; $9.19 if support breaks
⚠️ Invalidation: A sustained breakdown below $9.65 weakens the recovery scenario.
Watch volume and candle closes around support. A sweep followed by a strong reclaim could trap late sellers, while a confirmed breakdown would expose lower liquidity.
Let's go $AVAX 🚀
#AVAX #Avalanche #CryptoAnalysis #SMC
AVAX saw $98.8K in long liquidations near $9.878, signaling that leveraged buyers came under pressure. The reported daily technical structure remained constructive, but short-term weakness needs to be assessed against the nearest support and resistance zones.
🔹 Support: $9.65–$9.72
🔹 Resistance: $10.09–$10.12
🎯 Next Target: $10.42 after a confirmed reclaim; $9.19 if support breaks
⚠️ Invalidation: A sustained breakdown below $9.65 weakens the recovery scenario.
Watch volume and candle closes around support. A sweep followed by a strong reclaim could trap late sellers, while a confirmed breakdown would expose lower liquidity.
Let's go $AVAX 🚀
#AVAX #Avalanche #CryptoAnalysis #SMC