$AVAX – Long Trade Signal 🟢
🔹 Strong rebound from local lows
🔹 Attempted EMA crossover on the 30-minute chart
AVAX sharply rebounded from the support area at $17.50 after a sharp sell-off, forming a short-term reversal pattern. The price is reclaiming EMA(7) and EMA(25), pushing towards EMA(99) at $18.17 - a key breakout level. A successful reversal of this level may trigger continuation towards the resistance area of $18.60–$18.88.
🔹 Trade Setup:
• Entry Point: $17.70 – $17.85
• Stop Loss: $17.42
• Take Profit:
TP1: $18.17
TP2: $18.60
TP3: $18.88
• Margin: 2–3% of the portfolio
• Leverage: 10x
Market Outlook:
A short-term bullish reversal is forming after a sharp decline. A breakout above EMA(99) at $18.17 may accelerate the upward momentum.