๐จ $AVAX /USDT โ Is Avalanche Setting Up for a Snap Back? โ๏ธโ ๏ธ
$AVAX is down nearly -3%, pulling back to $20.39 after failing to hold above $21.50. With price hugging support and volume steady, is a reversal around the corner?
๐ Market Overview
๐ Current Price: $20.39
๐ 24h High: $21.41
โ๏ธ 24h Low: $20.18
๐ Parabolic SAR: $17.49 (Uptrend intactโstill above key base)
๐ MACD Momentum:
โข DIF: 20.88 (Trending lower)
โข DEA: 20.03
โข MACD: 0.85 (Mild bullish divergence still alive)
๐ AVAX Trade Setup โ Key Levels to Watch
๐น Bullish Scenario (If AVAX holds above $20.20):
โข Entry: Above $20.60
โข Targets: $21.41, $21.73, $22.50+
โข Stop-Loss: $19.80
๐น Bearish Scenario (If AVAX breaks below $19.80):
โข Entry: Below $19.80
โข Targets: $19.20, $18.34, $17.70
โข Stop-Loss: $20.60
๐ Should You Hold or Sell?
โ MA(99) at $19.79 = solid longer-term support zone
โ RSI & MACD still showing early strengthโdip could be buyable
โ ๏ธ MA(7) and MA(25) tilting downwardโwatch for rejection on bounce
๐ก Pro Tip:
๐ Watch for volume surge >100K+ with price above $20.60 to confirm breakout
โ ๏ธ Failure to hold $20.20 may result in a deeper dropโset stops tight!
๐ข Your move: scoop the dip or wait for confirmation? Drop your take below!
๐ฅ LIKE & SHARE if youโre stacking smart trades on Layer 1 giants! ๐