AVAX/USDT SPOT Trade Setup (as of 03:01 AM +06, May 23, 2025)
- Current Price: $24.92 (+9.68%)
- Trend: Uptrend (rising MAs: MA7 $25.09, MA14 $25.15, MA28 $25.17)
- Support: $24.70
- Resistance: $24.43 (24h high)
- Volume: 7.60K (increasing)
Trade Plan
- Entry (Long): Buy at $24.92 or on dip to $24.70
- Stop Loss: $24.50 (below support)
- Take Profit: $25.43 (1:2 risk-reward) or $25.70 if momentum persists
- Risk: 1-2% of capital
Why?
- Strong bullish momentum (+9.68%, green candlesticks)
- Support at $24.70 likely to hold
- Resistance at $25.43 as a profit target
Monitor volume and news for volatility.
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