Current situation
- Price: $25.64 (+3.66%)
- 24h range: $24.42 – $26.54
- Volume: 15.68M AVAX / 403.07M USDT
- Indicators:
- MACD: -0.007 (bearish cross, but close to zero).
- RSI(6): 55.997 (neutral, no overbought condition).
Key levels
- Support: $24.42 (24h low), $23.80 (psychological level).
- Resistance: $26.54 (24h high), $27.22 (opening level).
Scenarios and plan
1. Bullish scenario (breakout upwards)
- Trigger: Closing of the candle above $26.54 with volume.
- Targets: $27.22 → $28.00 (test ATH).
- Stop-loss: Below $25.50 (trend support).
2. Bearish scenario (bounce from resistance)
- Trigger: Bounce from $26.50 with decreasing volume.
- Targets: $25.00 → $24.42 (daily low).
- Stop-loss: Above $26.70 (false breakout).
3. Consolidation in the range $25.00–$26.50
- Strategy: Scalping at the boundaries of the range.
- Risk management: Stops beyond levels.
Recommendations
- Timeframe: 15M–1H for precise entry.
- Volume: Confirm movements with spikes in volume.
- MACD/RSI: Look for divergences for reversals.
Caution! High volatility due to large volume.