đš Avalanche ($AVAX
) â Liquidity Spike at Critical Support đš
Price is reacting strongly near key support, with a noticeable liquidity sweep and volume expansion. If this level holds, a short-term bounce setup is valid â but execution and risk control are everything.
đą Trade Plan
đ Entry: $8.75 â $8.79
đ Stop Loss: $8.65
đŻ TP1: $8.88
đŻ TP2: $8.95
đŻ TP3: $9.05
đ Whatâs Happening?
Strong reaction around the $8.70 support zone
Elevated volume suggesting active positioning
Open Interest rising â indicating aggressive participation
Liquidity sweep potentially marking a short-term bottom
If $8.70 holds, probability favors a relief bounce toward the $9.00+ liquidity pocket.
â ïž Important:
High volume alone doesnât guarantee continuation â watch for sustained bids and higher lows on lower timeframes.
Momentum trades can move fast in both directions. Manage size, respect your stop, and avoid emotional entries.
If support confirms⊠this could be a clean rotation play. đ