Spilled my Connecticut espresso this morning — my liquidation heatmap’s been lighting up like Occasions Sq. on New 12 months’s. Between monitoring RSI ranges and watching EMA crosses, one thing fascinating’s taking place on AVAX that almost all merchants are lacking.
The 15-minute chart tells fairly a narrative, however the actual motion’s in these liquidation bands clustering round $54. We’re not simply seeing typical resistance — we’re watching a full-blown battle between overleveraged longs and affected person place builders. My previous hedge fund buddy would in all probability name this “value discovery,” however after years of watching these patterns, I do know higher.
Talking of patterns, pull up that every day chart. Bear in mind when everybody panic offered at $20 final summer season? Now we’re watching the identical of us FOMO in at $51. My second display screen’s EMA indicators are portray a transparent uptrend at $44.09 — precisely the form of setup that had our institutional desk buzzing again in my fund days.
Taking a look at Binance’s perpetual knowledge, what’s actually fascinating isn’t the worth — it’s the distribution of liquidation factors. We’ve acquired main clusters forming above $54, with notably dense bands round $54.74. Been in…