💥$AVAX /USDT Testing Support at 19.39 USDT!🔥
🌟Current Price: 19.53 USDT (1.96%)
🌟24-Hour High: 20.24 USDT (Resistance Zone).
🌟24-Hour Low: 19.39 USDT (Key Support Level).
Trading Volume (24H):
🌟AVAX: 1.39M
🌟USDT: 27.64M
$AVAX is approaching its 19.39 USDT support, showing moderate selling pressure—a potential bounce or breakdown could follow.
⚡Technical Indicators 🔎
🔸Bollinger Bands: Contracting—suggesting reduced volatility before expansion.
🔸RSI: Near oversold—momentum slowing, but reversal potential exists.
🔸MACD: Bearish divergence—trend softening, volume confirmation needed.
🔸Moving Averages (MA & EMA):
Short-term trend suggests caution, breakout validation required.
⚡Trade Setups 📝
🎖️Bullish Scenario
Type: Support Bounce Play
👉Entry Point: Above 19.60 USDT (validated by increasing volume).
👇Take-Profit Targets:
🎯TP1 (1:1): 19.85 USDT
🎯TP2 (1:2): 20.10 USDT
💢Stop Loss: Below 19.30 USDT
🎖️Bearish Scenario
Type: Breakdown Trade
👉Entry Point: Below 19.30 USDT (confirmed rejection at resistance).
👇Take-Profit Targets:
🎯TP1 (1:1): 19.10 USDT
🎯TP2 (1:2): 18.85 USDT
💢Stop Loss: Above 19.60 USDT
⚡Risk Management Strategy ⚠️
Adjust Stop Loss to Breakeven upon reaching TP1 in either trade setup.
Partial Profit Booking (50%) recommended at TP1 levels to secure gains.
⚡Key Observations ✍️
1. Monitor trading volume to validate price movements.
2. Critical Support at 19.39 USDT—holding here may encourage recovery, breaking below could extend downside.
3. Stick to disciplined entries/exits amid market uncertainty.
👉Buy Or Trade With Me On $AVAX
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