$AVAX AVAX STALLING NEAR RESISTANCE—BREAKOUT OR SHORT-TERM PEAK?
AVAX is trading at $19.31 after a strong upward trend earlier in the session. Price is now consolidating below a key resistance level, and the volume is picking up again—suggesting a bigger move could be around the corner.
Key Levels to Watch
• Resistance Zone: $19.36 – $19.45
A breakout above this could open the path to $19.65 and $19.90.
• Support Zone: $19.20 – $19.05
A break below this area could lead to a slide toward $18.80 and $18.50.
Trade Setup – Wait for the Next Impulse
• Bullish Entry: A confirmed breakout above $19.45
Target 1: $19.65
Target 2: $19.90
• Bearish Entry: A breakdown below $19.05
Target 1: $18.80
Target 2: $18.50
Stop-Loss Strategy:
Set stops just outside the breakout/pullback zones to manage risk during potential whipsaws.