$AVAX X/USDT BULLISH REVERSAL IN PLAY 🚀🔥
Avalanche ($AVAX) is showing strong signs of recovery, currently trading at $19.00 (+8.39%) with solid volume backing. The price has broken key intraday levels, hinting at a potential continuation toward higher resistance zones.
🔍 Key Levels:
Resistance: $19.50 – $20.20
Support: $18.20 – $17.40
Current Price: $19.00
📊 Technical Outlook:
AVAX has formed a bullish structure above the $18.20 base and is attempting to flip $19.00 into support. Sustained momentum above this level could trigger the next wave of upside.
📈 Trade Setup – Long Entry:
Entry: $18.90 – $19.10
Take Profits (TP):
TP1: $19.80 🎯
TP2: $20.50 🎯
TP3: $21.80 🎯
Stop Loss (SL): $17.90 🛡️
⚠️ Risk Management:
Risk only 1-2% per trade. Enter on confirmed breakout or a retest of $18.90. Always use stop loss and consider partial profit booking at TP1 to protect gains. 📈🛡️
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