$AVAX Alert: Bullish Breakout or Resistance Retest?🔐👇
Timeframes Analyzed: 1H & 1D
Current Price: $25.22
Trade Direction: Bullish Bias – but Caution Near Resistance
Technical Breakdown:📉
1H Chart: $AVAX shows a strong upward structure with clean BOS (Break of Structure) formations and multiple green candles forming higher highs and higher lows. The price is attempting to break into a supply zone near $25.84, where rejection may occur.
The Stochastic RSI is rising but not overbought, hinting at possible continuation.
1D Chart: Price has reclaimed the 50EMA and is pushing toward a crucial resistance block ($25.80–$26.00). This region previously acted as a rejection zone and may again cap upside unless broken with strong volume.
Key Moving Averages (23.18, 22.94) are offering solid support, indicating strength in the ongoing move.
Trade Setup Idea (Short-Term):🤽
Entry Zone: Current levels ($25.00–25.30)✅
Target Range: $25.80 to $27.00🎯
Stop Loss: Below $23.80 (structure invalidation)☣️
Important Indicators:📉
Price > 20/50 EMA (bullish alignment)
Momentum increasing on LTF (Lower Timeframes)
1H Stoch RSI supportive, but keep an eye on resistance rejection
Global Market Context:🧑💻
Crypto market sentiment has slightly improved amid BTC’s sideways stability above $105K and Ethereum reclaiming $3600+. $AVAX , being a Layer 1 with ecosystem traction, benefits from broad market recoveries. However, U.S. macro data releases this week could inject volatility.
Pro Tip: 🧑🏫
Watch for a clean 1H candle close above $26.00 for stronger confirmation of breakout. If rejected again, partial profit booking or hedge is advised.
👨❤️👨“Opportunities multiply as they are seized. But so do risks – manage both wisely.”
Disclaimer: ⚠️
This is not financial advice. Always do your own research and use risk management strategies while trading.