๐ AVAX: Breakout Confirmation or Bull Trap?
AVAX just broke above the 200 EMA on both the 1D and 4H charts โ a major technical milestone not seen in weeks.
๐ Price Action:
After forming a textbook higher-low structure, AVAX surged nearly +47% in 30 days, confirming a clean uptrend. The recent daily close above $25.50 signals bullish momentum continuation.
๐ง Smart Money Insight:
Whales accumulated heavily in the $20โ22 range, as seen by increasing volume and aggressive candle structures. Volume profile also shows a clear shift from distribution to re-accumulation.
๐ What to watch next:
Key resistance: $28.00
Support to hold: $23.50
Break above $28 could target $32+ short-term.
๐ Plan:
Any healthy pullback to $23.50โ$24.00 will be treated as a buy-the-dip zone unless the trend breaks below 200 EMA.
โ ๏ธ Note: Always manage risk. Market volatility = opportunity + danger.
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