After a strong bounce back to $22.74 (+1.43%), $AVAX is now eyeing key resistance at $23.29. Buyers are stepping in aggressively following a clear market structure shift.
Trade Setup:
Entry: $22.57 – $22.74
Target: $23.29
Stop Loss: $22.26
Momentum remains strong. Watch for a breakout above $23.00 to signal continuation!
What happened: Recently, the U.S. decided to pause or delay some new tariffs on Chinese goods. This means no immediate new taxes on some imports — at least for now. Why: Inflation is still a problem — adding new tariffs could raise prices even more for U.S. consumers. The U.S. also doesn’t want to spark a full-blown trade war right before a U.S. election. Pausing tariffs keeps negotiations with China a little more peaceful while still showing toughness in areas like tech, EVs, and solar. China's reaction: China generally welcomes a pause because it helps their exporters survive during a rough economy. But China is also bracing for other moves like targeted tariffs (example: EVs, batteries, steel). Summary: The tariff pause is a tactical move: keep U.S. inflation down, avoid shocking the economy, but still keep pressure on China in sensitive industries. #TariffsPause