$AVAX

📈 Technical Landscape

🔹 Momentum & Structure

Breakout above long-term descending channel and reclaim of ~$20.50 has bullish implications .

Oscillators: RSI ~55–68 (neutral-to-bullish), MACD positive, Stochastics ~70–95 (buy signals) .

Moving Averages: 20–100-day MAs provide support ($24) may cap upside .

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📊 Trading Strategy

🟢 Swing / Position Long

Entry: $21.50–$22.00 (near channel breakout & MA support)

Stop Loss: ~$20.50 (clear close below invalidates bullish structure)

Targets:

1. TP1: $24.00–$24.35 (near 200-day MA & resistance)

2. TP2: $26.00–$27.00 (breakout continuation)

3. Extension: $30+ if momentum accelerates

⚡ Intraday Momentum Trade

Breakout Entry: Above $22.55–22.60 (short-term resistance)

Stop: $21.90

Target: $24.00 → $25.00

⚠️ Defensive / Short

Entry: Close below $20.50–21.00

Stop: $21.50

Targets: $19.00 → $17.50 (decline into mid-channel)

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