NEW YORK — Cleavage, legs and lots of glitter. That’s what fashionistas and stylists are expecting Sunday when the stars dress up and walk down the red carpet at the 94th Academy Awards. After two years when much of the world has lived in sweatpants and awards ceremonies have been virtual or subdued, it’s time for Tinseltown to live up to its nickname. “I think that after two years of lockdowns, there will be a need to make a statement,” New York-based fashion designer Jasmine Chong told the Daily News. “It’ll be exciting to see the energy displayed on the carpet. Even if something is in a mor…