1. Current situation:
- Price: $19.522 (-2.84% for the last period).
- 24h range: $19.380 (minimum) — $20.230 (maximum).
- Volumes:
- 9.62 million AVAX.
- 191.59 million USDT.
- Indicators:
- MACD: Negative (-0.247), indicating a downward momentum.
- RSI(6): 26.801 (oversold, but further decline is possible).
- Price below EMA/MA: Confirms bearish trend.
2. Key levels:
- Support:
- Nearest: $19.380 (minimum of 24h).
- Next: $18.082 (historical level).
- Resistance:
- Nearest: $20.017 (level from the 'Open' list).
- Next: $20.230 (maximum of 24h).
3. Trading scenarios:
🔴 Bearish scenario (sell/short):
- Trigger: Price remains below $19.522 and breaks $19.380.
- Target: $18.082 (next support level).
- Stop-loss: $20.017 (above the nearest resistance).
- Justification:
- MACD and RSI confirm the downward trend.
- Low buying volumes may increase pressure.
🟢 Bullish scenario (buy/long):
- Trigger: Price surpasses $20.017 with an increase in volume.
- Target: $20.230 (test of the maximum of 24h), then $21.952.
- Stop-loss: $19.380 (below the minimum of 24h).
- Justification:
- RSI in the oversold zone may trigger a correction.
- Breakout of resistance with volume — signal for reversal.
4. Additional indicators:
- Bollinger Bands: If the price touches the lower band, a bounce is possible.
- SAR: Points above the price — confirmation of the bearish trend.
- Volumes: An increase in volume during a breakout will strengthen the signal.
5. Risk management:
- Risk per trade: No more than 1-2% of the deposit.
- Risk/reward ratio: Minimum 1:2 (for example, stop-loss $0.50, take-profit $1.00).
6. Important:
- News: Keep an eye on updates regarding Avalanche (AVAX) — catalysts may occur.
- Volatility: Consider the high volatility of the crypto market. Adjust the stop-loss as you approach key levels.
Summary: The main scenario is bearish, but a breakout of $20.017 with volume can be considered for a long. Trade strictly according to levels and with risk management.
#AVAX #MarketPullback #SaylorBTCPurchase #CryptoAdoption #Write2Earn
