🚨 $AVAX /USDT Trading Signal 🚨
🔹 Current Price: $38.96
🔹 24h High: $44.19
🔹 24h Low: $38.67
🔹 24h Volume (AVAX): 3.11M
🔹 24h Volume (USDT): 127.83M
Short-term Outlook (4h):
$AVAX is currently trading at $38.96, showing a slight decline of -0.61% in the last 4 hours. The price is near the 24h low of $38.67, suggesting potential consolidation or a bounce. Short-term resistance is at $40.00, and if the price breaks above this, it could head towards $41.00 or even $42.00.
Long-term Outlook (24h):
The recent drop from $44.19 to $38.96 has created a wide range, with the price testing lower levels. If it finds support at around $38.67, there’s a possibility of a bounce back toward $44.00. A break below $38.67 could indicate further downside risk.
Risk Considerations:
Given the current volatility, setting a stop-loss around $38.00 would be a good strategy in case the price dips further. Be cautious of potential volatility due to market conditions.
📉 Profit Potential:
Short-term upside: +5% to +7%
Long-term: Could test $44.00 if bullish momentum resumes.
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