🚨 $AVAX ALERT: Enter Now at $54.23 – Bulls Are Gaining Momentum! 🚨
$AVAX is currently trading at $54.23, showing a strong 14.24% increase today. The price has recently surged, and while there’s a minor pullback, it’s holding key support. Let’s look at the important levels!
Key Levels to Watch:
💡 Resistance: $55.41 – A major resistance point, with $AVAX recently reaching this level. If the price can break through this, it could lead to more gains. Watch for momentum to continue if this resistance is cleared.
📉 Support: $53.00 – This is the key support level. If AVAX holds above this price, the bullish trend could continue. A drop below could signal a deeper retracement toward $51.00.
🚀 Target 1: $55.00 – The first resistance level to aim for. If AVAX consolidates above $53, expect it to test $55.
🎯 Target 2: $55.50 – As the rally continues, look for this level to be tested as a new high.
💥 Target 3: $56.00 – A more optimistic target. If the momentum persists, AVAX could push toward this level for further upside potential.
Trade Setup:
Long Entry: Above $54.23, targeting $55.00, $55.50, and $56.00 with a stop loss below $53.00.
Short Entry: If the price breaks below $53.00, a short position could be considered with targets at $51.50 and lower levels.
💡 Volatility Alert: AVAX is showing strong upward movement today, but keep an eye on potential pullbacks. If the price breaks above $55.41, we could see a continuation of the bull trend.