The liquidation data from the past hour tells the whole story—short liquidations are 228 times higher than longs. This kind of extreme long-short imbalance means either the big players are shaking out positions, or a new trend is underway. Considering the on-chain capital movement signals, the latter seems more likely.
That said, the current RSI has skyrocketed to 79.8, which is firmly in the overbought zone. Jumping in now is basically handing money to others. The smarter move is to wait for a pullback and let the market catch its breath.
If the price can retrace to around 14.2, that’s a good spot to consider an entry. This level has both technical support and helps avoid the risks of buying at the top. If you’re already holding, keep an eye on the 14.20-14.56 range, but don’t go in too heavy. For stop-loss, 13.50 is a hard line—if it breaks, don’t hesitate to exit.
Looking up, the short-term target can be set at 14.80. If that breaks smoothly, 15.50 or even 16.2 aren’t out of the question.
In markets, everyone thinks they’re a genius when prices go up, but when they fall, that’s when discipline matters. AVAX is definitely in the spotlight right now, but that doesn’t mean you should FOMO in blindly. Keeping your cool and managing your pace is more important than anything.
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MevWhisperer
· 12-04 15:13
Short squeeze 228x? That number is really brutal, but with an RSI of 79.8 I need to stay calm. I've seen too many bagholders get burned.
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GateUser-44a00d6c
· 12-04 00:49
Short squeeze 228x? That’s pretty wild, but the RSI is already 79.8—it's way overbought. How can anyone still dare to chase it? What are they thinking?
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YieldWhisperer
· 12-04 00:49
rsi at 79.8? ngl that's textbook overbought territory... actually the math doesn't check out here. 228x liquidation imbalance screams either whale manipulation or classic death spiral pattern i saw back in 2021. unsustainable pump tbh.
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ImaginaryWhale
· 12-04 00:49
228x liquidation difference, that's really intense. But the RSI is already at 79.8 and you still dare to go all-in? I wouldn't dare.
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OnchainGossiper
· 12-04 00:42
228x liquidation, how ridiculous does the data have to be for such a disparity? Feels like they're about to start fleecing retail investors again.
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NFTRegretter
· 12-04 00:34
Shorts were liquidated 228 times, this move was definitely brutal. But if you’re still jumping in when the RSI is already at 79.8, you’re basically just giving money away.
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RadioShackKnight
· 12-04 00:31
228x short squeeze, this is either a shakeout or the main surge. The more you think about it, the scarier it gets.
AVAX’s recent price action is pretty intense.
The liquidation data from the past hour tells the whole story—short liquidations are 228 times higher than longs. This kind of extreme long-short imbalance means either the big players are shaking out positions, or a new trend is underway. Considering the on-chain capital movement signals, the latter seems more likely.
That said, the current RSI has skyrocketed to 79.8, which is firmly in the overbought zone. Jumping in now is basically handing money to others. The smarter move is to wait for a pullback and let the market catch its breath.
If the price can retrace to around 14.2, that’s a good spot to consider an entry. This level has both technical support and helps avoid the risks of buying at the top. If you’re already holding, keep an eye on the 14.20-14.56 range, but don’t go in too heavy. For stop-loss, 13.50 is a hard line—if it breaks, don’t hesitate to exit.
Looking up, the short-term target can be set at 14.80. If that breaks smoothly, 15.50 or even 16.2 aren’t out of the question.
In markets, everyone thinks they’re a genius when prices go up, but when they fall, that’s when discipline matters. AVAX is definitely in the spotlight right now, but that doesn’t mean you should FOMO in blindly. Keeping your cool and managing your pace is more important than anything.