🚨$AVAX /USDT Trade Analysis Report 📊🚨
Current Price: $50.51
Timeframe: 4H (Binance)
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🚀 Long Trade Setup (Bullish Scenario):
Entry Zone: $50.70 - $51.00
Target 1: $52.00
Target 2: $54.00
Target 3: $56.00
Stop Loss: Below $49.50
Analysis:
AVAX is consolidating near the $50.50 level. A breakout above $51.00 with increased buying volume could propel the price toward $54.00, aligning with key resistances.
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🔻 Short Trade Setup (Bearish Scenario):
Entry Zone: $50.30 - $49.80
Target 1: $48.50
Target 2: $46.00
Stop Loss: Above $51.00
Analysis:
If AVAX fails to break above $51.00, the price may witness a pullback. A breakdown below $49.80 will confirm bearish momentum, targeting supports near $48.50 and $46.00.
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📝 Predictions
Bullish Breakout: Sustaining above $51.00 could trigger a move toward $56.00.
Bearish Breakdown: Losing $49.80 support might lead AVAX to test $46.00.
💡 Key Tip: Monitor volume for confirmation and set stop losses to minimize risk. Use RSI to identify overbought/oversold conditions.
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