Avalanche long liquidated at $24.05 — leverage bite
I was liquidated on a $25.1K AVAX long at $24.05.
This trade shows how quickly leverage can blow up positions in a volatile market; I need tighter risk controls and won't chase the bounce without evidence of support.
Analysis
The liquidation indicates strong short-term downside momentum and likely stop-hunting around the $24 area; leverage amplified losses and suggests limited support at that price.
Recommendation
Don't re-enter on impulse — reduce leverage, wait for confirmed support or a clear reclaim of higher levels before rebuilding exposure, and use tighter stops.
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.