$AVAX /USDT TECHNICAL ANALYSIS: AVAX FACING RESISTANCE AT $20 – SL BELOW $18.70 TO MANAGE DOWNSIDE RISK
$AVAX /USDT is currently trading at $19.17, down by -1.13%, showing slight bearish pressure after failing to sustain above the psychological level of $20.00. The price remains within a broader range but is holding above the critical support zone.
🔹 Support Levels: $18.70 and $18.00
🔹 Resistance Levels: $20.00, $21.00, and $22.00
On the 4H chart, AVAX is forming a base between $18.70–$19.20. Bulls need a clear break above $20.00 to reclaim momentum. Until then, sideways movement may continue within the range.
📊 Trade Setup (Breakout Watch):
Long Entry: Above $19.30–$19.50 with volume
TP1: $20.00
TP2: $21.00
TP3: $22.00
SL (Stop Loss): Below $18.70
📉 Market Outlook:
AVAX is consolidating, and current price structure suggests accumulation. A successful push above $20 could attract momentum traders aiming for the $22 resistance area.
⚠️ Risk Management:
Use 1–3% of your trading capital per position. Maintain a tight SL in volatile market conditions to protect against sudden reversals.