🚨 $AVAX /USDT – Avalanche Breakdown or Recovery Ahead? 🧊📉
$AVAX is slipping at $17.60 (-3.51%), retesting support after a low of $17.43. With RSI hovering at 35.27, bulls are trying to defend—but is a bounce likely or will the ice crack?
📊 Market Overview
📍 Current Price: $17.60
📈 24h High: $18.26
❄️ 24h Low: $17.43
📊 Parabolic SAR: Near $17.34 (Still bearish trend bias)
📉 MACD Momentum:
DIF: Bearish lean
DEA: Flattening
MACD: Slight divergence—momentum slowing but no reversal yet
📈 AVAX Trade Setup – Key Levels to Watch
🔹 Bullish Scenario (If AVAX Holds Above $17.40):
Entry: Above $17.80
Targets: $18.26, $18.90, $19.00
Stop-Loss: $17.20
🔹 Bearish Scenario (If AVAX Breaks Below $17.20):
Entry: Below $17.10
Targets: $16.92, $16.40, $15.80
Stop-Loss: $17.80
🔍 Should You Hold or Sell?
✅ RSI at 35.27 signals near-oversold conditions
✅ Holding $17.40 keeps bulls in the game for a rebound to $18.90
❌ Below $17.20 = likely drop toward $16s, especially with low volume
💡 Pro Tip:
📌 Watch the $17.80–$18.00 zone—breakout with strong volume could flip structure bullish
⚠️ Be cautious of fake pumps if volume remains weak!
📢 Buying this dip or shorting the bleed? Tell us your take in the comments!
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