🎯 Is AVAX at a suitable entry point now? Follow me

✅ Pros for entering now:

1. Rebound from strong support at around $19.50–20.00.

2. Relative Strength Index (RSI) at ~56 → indicates that the currency is not in overbought territory (i.e., there is still room for upward movement).

3. Gradual growth in momentum according to the MACD indicator, which favors a resumption of upward movement in the short term.

4. Price is above the 50-day moving average ($19.57) → an important technical support.

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⚠️ Risks to be aware of:

Nearby resistance at $21.00–21.50, meaning gains could be limited if this level is not breached.

Overall market liquidity is somewhat weak, and whale sell-offs could lead to sudden volatility.

The overall trend is still bearish in the long term (200 days = $29.85).

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🔽 Proposed plan:

Item Recommendation

Entry Point Between $20.00 – $20.50

Stop Loss Below $18.90 (under the main support)

Targets First target: $22.00 / Second: $24.00

Trailing Stop Activated if the price breaks $22 steadily

🔁 Alternative strategy:

If you prefer not to take risks now, wait for a confirmed breakout above $21.50 with high trading volume, as this will indicate a new upward wave.