#AVAX’ AVAX/USDT short-term trading signal analysis including entry point, stop loss, and take profit targets:
Technical Overview:
Current Price: $16.87
Recent Low: $14.66 (strong support)
Moving Averages:
MA(7): $16.00 (just crossed above, bullish short-term)
MA(25): $17.30 (next resistance)
MA(99): $19.51 (major resistance)
MACD: Shows bullish crossover starting to form.
Volume: Rising on green candles (buying pressure increasing).
Signal: Short-Term Long (Buy) Trade
Entry Point: $16.80–$17.00
(current zone, entering slightly under the MA(25) resistance)
Stop Loss: $15.80
(just under recent consolidation area and below MA(7))
Take Profit Targets:
TP1: $17.30 (MA25 - test resistance)
TP2: $18.50 (previous consolidation zone)
TP3: $19.50 (MA99 - strong resistance)
Risk-Reward Analysis:
Risk: ~$1.00
Reward: Up to ~$2.50 (2.5:1 R:R potential) $AVAX