$AVAX BREAKOUT OR FAKEOUT? AVAX at a Critical Decision Point!

$AVAX is currently trading at $20.99, recovering sharply after a steep drop from the $21.50–$22.00 resistance zone. The current structure shows a bounce from intraday support, but bulls are facing immediate pressure as price consolidates below key resistance.

Key Levels to Watch:

• Immediate Resistance: $21.30 – A breakout above this could fuel a move back toward $21.75 and $22.24 (24H high).

• Support Zone: $20.70 – Holding this level is crucial for bulls; losing it may open the door to $20.36 or even $19.90.

Trade Setup – Prepare for the Next Move!

Bullish Scenario:

• Entry: Above $21.30 (confirmed breakout)

• TP1: $21.75

• TP2: $22.24

• Stop-Loss: Below $20.70

Bearish Scenario:

• Entry: Below $20.70 (confirmed breakdown)

• TP1: $20.36

• TP2: $19.90

• Stop-Loss: Above $21.30