AVAX/USDT 1-hour chart showcases a bullish momentum as the price rebounds to $37.25, reflecting a 1.87% increase. The Bollinger Bands indicate rising volatility, with the price testing the upper band at $37.58. Notably, the peak at 37.78 signifies resistance, while 36.55 acts as a key support level. A surge in volume during the breakout hints at strong buyer interest. Traders can consider entering long positions on pullbacks near $37.30 while targeting $39.50 and above, with stop-losses set below the $36.70 support to mitigate risks.
So now is the time to decide what be the next move.
Keeping above in view, chalk out the strategy and set sails. Remember, my assessment does not constitute any finality, therefore, critically analyse the situation before entering the trade.
