$AVAX /USDT
BEARISH TREND CONTINUES
Key Levels:
• Support: $33.01
• Resistance: $34.659
• Current Price: $33.046
Trade Setup:
• Short Entry: $33.046
• Take Profit (TP): $32.00, $31.00
• Stop Loss (SL): $34.00
Market Outlook:
The $AVAX USDT pair is showing a bearish trend with a significant drop from the recent high of $39.00. The price is currently hovering around the support level of $33.01. If the price breaks below this support, we can expect further downside movement towards the next targets of $32.00 and $31.00. The resistance level at $34.659 is crucial for any potential bullish reversal.
Risk Management:
Always use a stop loss to protect your capital.
Risk only a small percentage of your trading account on each trade to manage potential losses effectively.
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