Signal: $AVAX Long Opportunity
Current Price: 18.20 USDT
Signal Type: Long
Entry Confirmation: The chart indicates a potential entry around the current price level or slightly lower for a better risk-reward, but the green box suggests entry near 18.05.
Target 1 (TP1): 18.67
Target 2 (TP2): 19.09
Target 3 (TP3): 19.32
Target 4 (TP4): 19.85 (this is the upper blue resistance line)
Stop Loss (SL): 17.80 USDT (just below the support level)
Risk/Reward: Favorable (as visually indicated by the large green profit target box vs. smaller red stop-loss box).
Timeframe: 1-hour chart (H1)
Analysis:
AVAX appears to be testing a support area around 18.05 USDT. The setup suggests a potential bounce from this level, aiming for higher resistance zones. The trade is invalidated if the price drops and closes below 18.05 USDT.