🚀 $AVAX /USD: EYEING A BREAKOUT ABOVE KEY LEVELS! ⚡
The $AVAX /USD pair is currently trading at 43.35, hovering near crucial support and resistance zones. A decisive move could set the tone for the next trend, so traders should stay alert.
📊 Trade Scenarios:
Entry Point: 43.35
Take Profit (TP) 1: 44.50
Take Profit (TP) 2: 46.00
Take Profit (TP 3): 47.50
Stop Loss (SL): 42.00
Support is located at 42.00, while resistance is at 44.50. A breakout above 44.50 could drive the price higher toward 46.00 and 47.50. Conversely, a drop below 42.00 may signal a bearish retracement.
📉 Market Outlook:
AVAX/USD is holding above strong support at 42.00. If the price sustains above this level, a move toward 44.50 and beyond is possible. A breakout above 44.50 would confirm bullish momentum, while a drop below 42.00 could lead to further downside.
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