$AVAX Under Pressure - Is it a Collapse or a Quick Rebound?
The AVAX/USDT pair is currently trading around $21.46, retreating after repeated rejection at the resistance level. Sellers are currently in control, but a sharp rebound near the support level cannot be ruled out.
Key Levels to Watch
• Resistance: $21.90 - A breakout above this level could push the AVAX price towards levels of $22.20 and $22.50.
• Support: $21.20 - Losing this level could lead the AVAX price down towards levels of $21.00 and $20.60.
Trading Setups - Increasing Volatility!
Bullish Entry: A confirmed breakout above $21.90 may target the following:
• First Profit Target: $22.20
• Second Profit Target: $22.50
Bearish Entry: A breakout below $21.20 may target the following:
• First Profit Target: $21.00
• Second Profit Target: $20.60
Stop Loss: Use tight stop orders based on the trend to reduce risk exposure.