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🎯 Spot Trading Plan for AVAX
1. Current context
Current price: $21.54, with intraday range between $20.43–21.73.
Weekly range: approximately +20%, from a minimum close to $17.5.
Volume: +24 h ≈ $510 M–$611 M, showing strong interest.
Technical trend:
Ascending channel between $16–26, with current pivot at the midpoint level of $20–21.
Indicators (Stochastic RSI, DMI) indicate bullish momentum but with overbought conditions.
2. Objectives and levels
Key support: $21 (nearby), the important thing is that it does not fall below $20. At that level, a rebound can be considered.
Resistances:
Short term: $22–22.75 (next level of interest).
Medium term: $24.40–26 (upper zone of the channel).
3. Entry strategy
Partial purchase (½ position) on rebound of support at $20.5–21.
Additional purchase if it breaks and closes above $22 with good volume.
4. Stop-loss and risk management
Initial stop-loss: below $20 — ideally between $19.5–20.
Position size: limit exposure to <2% of total capital.
5. Exits (take profit)
TP1: at $22.8–23 (partial close +30–35 %).
TP2: at $26 (close the position or additional segments).
Consider trailing stop once TP1 is reached to capture more upward.
6. Alarm signals
Break of $20 with daily close: reevaluate strategy, possible correction towards $18–19.
Decrease in volume in breakout area: confirm if it is a sign of exhaustion.
7. Catalysts and fundamentals
Growing ecosystem: DeFi projects, adoption (e.g., tokenization of real estate).
Sentiment on-chain: staking >51 % reduces liquid supply, reinforces bullish bias.
Current narrative: “AVAX Summer”, breakout of medium/long term resistance.
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🧭 Brief summary of actions
Action Level Reason
Partial purchase $20.5–21 Medium support zone of the channel
Additional purchase > $22 close and volume Confirmation of upward trend
Stop-loss < $20 / $19.5 Protection against rebound invalidation
TP1 $22.8–23 First target at intermediate resistance
TP2 $26 End of the channel, key technical level
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📌 Recommended approach: act in stages, protect against breakouts, and follow objectives with discipline. The moment seems bullish, but vigilance is key.
#Spot #trading #StrategicTrading #AVAX $AVAX
