💥$AVAX /USDT Testing Support After 4.78% Drop!🔥
🌟Current Price: 20.92 USDT (4.78%)
🌟24-Hour High: 22.21 USDT (Resistance Zone)
🌟24-Hour Low: 20.36 USDT (Support Level)
Volume (24H):
🌟AVAX: 2.15M
🌟USDT: 45.93M
#AVAX✈️ is consolidating near 20.92 USDT, facing increased selling pressure while retesting key support levels
⚡Technical Indicators 🌐
🔸Bollinger Bands: Indicating contraction—potential breakout or breakdown ahead
🔸RSI: Approaching oversold—watch for rebound opportunities
🔸MACD: Bearish divergence—momentum favors downside, but reversal signals may emerge
🔸Trend Analysis: Candlestick formations reflect potential buyer accumulation near 20.36 USDT
⚡Trading Setup 📝
🎖️Bullish Scenario
Type: Oversold Rebound
👉Entry Point: Above 21.00 USDT (validated by volume surge)
👇Take-Profit Targets:
🎯TP1 (1:1): 21.50 USDT
🎯TP2 (1:2): 22.00 USDT
💢Stop Loss: Below 20.75 USDT
🎖️Bearish Scenario
Type: Continuation Trade
👉Entry Point: Below 20.75 USDT (confirmed support failure)
👇Take-Profit Targets:
🎯TP1 (1:1): 20.50 USDT
🎯TP2 (1:2): 20.30 USDT
💢Stop Loss: Above 21.00 USDT
⚡Risk Management Strategy ⚠️
Bullish Setup: Adjust Stop Loss to Breakeven upon hitting TP1 (21.50 USDT) and secure partial profits (~50%)
Bearish Setup: Lock in gains after TP1 (20.50 USDT) and adjust Stop Loss to Entry Price
⚡Key Observations ✍️
1. Volume Confirmation is crucial—monitor breakout or breakdown moves to validate trend direction.
2. Watch the 20.36 USDT support zone—a decisive breach may trigger extended downside pressure.
3. Maintain disciplined entries/exits given AVAX’s prevailing price fluctuations.
Buy Or Trade With Me On $AVAX
