$AVAX – Ready to Rally or Due for a Fade?
After holding $22 beautifully, $AVAX is staging a push toward the $24.00 breakout zone. Volume is rising, structure is bullish — the next leg may be loading.
Current Stats:
• Price: $23.63
• High: $24.01
• Volume: $100M+
• Type: Layer 1 Momentum Play
Long Setup (Breakout):
• Entry: $23.00–$23.60
• TP1: $24.80
• TP2: $26.00
• TP3: $27.50
• SL: $21.95
Short Setup (Breakdown):
• Entry: < $21.80
• TP1: $20.00
• TP2: $19.00
• SL: $22.60
Chart Wisdom:
This is a classic coil under resistance. Watch the $24.00 zone like a hawk — a volume-backed move above that could trap shorts and squeeze fast.
Traders, what’s your play here — long bias or fade the pump?
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