$AVAX

Technical Analysis:

1. Price Action:

Current Price: $25.25

24h High/Low: $26.02 / $23.19

The price recently hit a high of $26.02 before experiencing a pullback.

Current candle is red, suggesting a minor correction or consolidation phase after the sharp move up.

2. Moving Averages (MAs):

MA(7): $25.31 (short-term trend)

MA(25): $24.47 (medium-term trend)

MA(99): $22.02 (long-term trend)

Price is trading above all three MAs, indicating a strong uptrend.

MA(7) > MA(25) > MA(99): a bullish alignment of moving averages.

3. Volume:

Significant spike in volume recently, indicating strong market interest and possibly the climax of a bullish wave.

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Spot Trading Signal Setup:

Signal Type: Bullish Continuation (watch for confirmation)

Entry Zone:

Wait for a potential pullback to the $24.80–$25.00 range (close to MA(7) or MA(25)).

Confirm entry with a bullish reversal candlestick (e.g., hammer, bullish engulfing) on the 1-hour chart.

Stop-Loss:

Below the recent swing low or MA(25), around $24.30.

Target Levels:

TP1: $26.00 (previous high, short-term resistance)

TP2: $27.00 (psychological and likely next resistance)

TP3: $28.50+ if momentum continues

Risk-Reward Ratio:

Roughly 1:2 or higher, depending on entry point and target.