– Rebound from EMA99 and $18.34 low
Recovery above short-term EMAs
It has rebounded $AVAX
from the support level of $18.34 and reclaimed EMA(99) at $18.37.
The price continues above EMA(7) and EMA(25), indicating the possibility of a short-term continuation if momentum increases above $18.65.
📉 Key levels:
• Support: $18.34
• Resistance: $18.94 / $19.17
• Breakout point: above $18.67
• EMA support range: $18.37 – $18.60
📈 Trade setup
• Entry point: $18.55 – $18.65
• Stop loss: $18.28
• Take profit:
• TP1: $18.94
• TP2: $19.17
🔍 Market outlook:
Price action shows reversal signs with major EMAs reclaiming.
If AVAX holds above $18.60, it may push bulls towards previous highs.
AVAXUSDT
Perpetual
18.53
-0.03%
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