$AVAX /USDT Bullish Momentum—Testing Resistance at 24.01 USDT!
$AVAX is maintaining strong bullish momentum, approaching 24.01 USDT resistance, backed by high volume and trend continuation signals.
⚡Technical Indicators 🔎
🔸Bollinger Bands: Expanding—volatility rising, favoring breakout potential.
🔸RSI: Near overbought—momentum remains strong, but watch for pullback risk.
🔸MACD: Bullish divergence intact—trend continuation likely.
🔸Moving Averages (MA & EMA)
Short-term trend remains bullish, but needs confirmation above 24.01 USDT.
⚡Trade Setups 📝
🎖️Bullish Scenario
Type: Breakout Continuation
👉Entry Point: Above 23.50 USDT (validated by strong buying volume)
👇Take-Profit Targets
🎯TP1 (1:1): 23.80 USDT
🎯TP2 (1:2): 24.00 USDT
💢Stop Loss: Below 23.00 USDT
🎖️Bearish Scenario
Type: Pullback Trade
👉Entry Point: Below 23.00 USDT (confirmed rejection at resistance)
👇Take-Profit Targets
🎯TP1 (1:1): 22.70 USDT
🎯TP2 (1:2): 22.50 USDT
💢Stop Loss: Above 23.50 USDT
⚡Risk Management Strategy ⚠️
Move Stop Loss to Breakeven after hitting TP1 in either trade setup.
Secure Partial Profits (~50%) at TP1 levels for optimized trade execution.
⚡Key Observations ✍️
1. Validate breakout/pullback moves with volume confirmation to avoid false signals.
2. Monitor the 24.01 USDT resistance zone—breaking this could unlock extended upside moves.
3. Stick to disciplined entries/exits and proper risk management strategies to navigate current market conditions.
👉Buy Or Trade With Me On $AVAX