AVAX is trading at $41.03, hovering at a pivotal point where the market could swing in either direction. The price action suggests a tug-of-war between bulls and bears, making this a critical zone to watch.
š” Key Levels to Watch:
Resistance: $42.00 ā A breakout here could spark a rally toward $44.00 or even $45.00.
Support: $40.00 ā This is a key level for bulls to defend. A break below could see a drop to $38.50.
šÆ Entry Strategy:
Bullish Play: Enter near $40.00 with confirmation of support, targeting $42.00-$44.00.
Bearish Play: Enter short if price breaks below $40.00 with strong selling volume, aiming for $38.50 or lower.
š Market Sentiment: Rising volume near resistance could signal a bullish breakout, while fading momentum near $41.00 might point to bearish control. Watch for clear price action signals before committing to a position.
š AVAX is primed for a moveāwill the bulls take it higher, or will the bears pull it down? Stay focused, follow your strategy, and capitalize on the opportunity! š