๐ถ $AVAX Trade Update โ Consolidation Before the Break? ๐ถ
Avalanche ($AVAX) is holding steady above a key support zone at $17.60, following a sharp recovery from the $17.02 low to a recent swing high at $19.16. The current price action signals accumulation within a demand block, with buyers actively defending the range.
โก๏ธ A breakout above the $18.00 mark could ignite bullish continuation, targeting $18.60 initially โ and if momentum follows through, we could see a reclaim of $19+ and further upside toward $20+.
However, failure to hold $17.60 could expose $17.00 for a possible retest. Momentum remains neutral-to-bullish, awaiting confirmation.
๐ Trade Setup
Entry Zone: $17.80 - $17.90
Target 1: $19.10
Target 2: $20.40
Stop Loss: $17.10
Trend Bias: Sideways with bullish breakout potential
๐ง Watch for volume spikes and price acceptance above $18 for confirmation. This zone could be the launchpad for AVAXโs next major leg.
โก๏ธ buy and trade here on $AVAX
โค๏ธ Follow and Like for more trading setups and market updates โฅ๏ธ
