$AVAX

$AVAX Trade Plan for AVAX/USDT 📈

Current Price: $22.02
24h Change: +0.14%
Market Cap: $9.28B
24h Volume: $379.63M

✅ Entry Zone:

Buy within $21.90 – $22.00, assuming this range is a slight pullback from the current price after the 0.14% gain, potentially near a support level.

⛔ Stop Loss:

Set at $21.60 (below the entry zone, roughly 1.4% below the lower entry point to account for AVAX’s volatility).

🎯 Profit Targets:

Target 1: $22.30 📍 (Move stop to breakeven)

Target 2: $22.60 🎯

Target 3: $23.00 🚀

📊 Risk/Reward Ratio:

3:1+ ⚖

Risk: $22.00 - $21.60 = $0.40

Reward (Target 2): $22.60 - $22.00 = $0.60 (R:R of 1.5:1 at Target 2; higher if Target 3 is hit).

### Key Observations:

Neutral to Bullish Short-Term Momentum: Price up +0.14% in 24h, indicating potential consolidation or a slow uptrend.

Volume: $379.63M in 24h suggests moderate liquidity, lower than LINK’s $451.82M, which could lead to slightly choppier price action.

Market Cap: $9.28B indicates AVAX is a mid-tier coin, with moderate volatility tied to its role in the DeFi and layer-1 blockchain space.

Price Context: $22.02 is a moderate level for AVAX (historically, AVAX has seen resistance around $30–$40 in past cycles). A break above $22.30 could signal further bullish momentum.

🔄 Strategy:

Trail stop above the entry price after Target 1 is hit to lock in profits.

Watch for rejection at psychological resistance around $22.50–$23.00.

If momentum weakens (e.g., price fails to break $22.30), consider an early exit at a 2:1 R:R.