AVAX is forming a macro descending triangle and pressing against resistance. Price is sitting at $23.41, and a breakout above the trendline could send it flying toward $35–$40.
📊 Key Signals:
RSI neutral, SAR tightening
MA(5) and MA(10) converging
Volume cooling = breakout brewing
⚠️ Watch for a close above $25.70 with volume confirmation. Breakdown below $20 invalidates the setup.
After a series of consistent rejections, Polkadot ($DOT ) has made a convincing move off the $3.92–$3.95 demand zone, suggesting a solid base of buyer strength is forming. This area has been tested multiple times in recent weeks, and the recent bounce looks clean and confident—an early signal for bullish continuation.
As of this writing, price is reclaiming the $4.00 psychological level, a key area that often acts as both magnet and battleground in volatile crypto markets. The near-term outlook is setting up for a potential test of overhead resistance around $4.13 to $4.15.
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🔍 Trade Setup
Entry Zone: $3.98 – $4.00
Stop Loss: $3.87
Take Profit 1: $4.08
Take Profit 2: $4.15
Margin: 2–3% of wallet
Leverage: 10x
This trade idea hinges on price stability above the $3.95 region. If that holds, we could see a steady grind—or a sharp breakout—toward the upside targets.
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📊 Market Outlook
The fact that DOT has respected its support level several times shows growing accumulation. Each dip into the $3.90s has been aggressively bought up, which tells me smart money might be positioning quietly. While nothing is guaranteed in this market, the pattern here leans in favor of bulls—especially if $4.00 flips from resistance to support.
I’ll be watching volume closely on any approach to $4.13. A clean break above that could trigger fresh momentum and possibly catch some late shorts offside.
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Final Thoughts: This is a low-risk, high-reward zone for DOT traders comfortable with leveraged plays. I’m personally monitoring this closely and may scale in more if we get consolidation just above $4.00.
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