Spilled my Connecticut coffee this morning — my liquidation heatmap’s been lighting up like Times Square on New Year’s. Between monitoring RSI levels and watching EMA crosses, something fascinating’s happening on AVAX that most traders are missing.
The 15-minute chart tells quite a story, but the real action’s in those liquidation bands clustering around $54. We’re not just seeing typical resistance — we’re watching a full-blown battle between overleveraged longs and patient position builders. My old hedge fund buddy would probably call this “price discovery,” but after years of watching these patterns, I know better.
Speaking of patterns, pull up that daily chart. Remember when everyone panic sold at $20 last summer? Now we’re watching the same folks FOMO in at $51. My second screen’s EMA indicators are painting a clear uptrend at $44.09 — exactly the kind of setup that had our institutional desk buzzing back in my fund days.
Looking at Binance’s perpetual data, what’s really interesting isn’t the price — it’s the distribution of liquidation points. We’ve got major clusters forming above $54, with particularly dense bands around $54.74. Been in…
