$AVAX /USDT Technical Analysis & Trade Signal

Trade Setup:Type:

Long (Buy)Entry: $44.52 (Breakout above the triangle resistance)Stop Loss: $44.27 (Below recent support and triangle lower trendline)

🎯 Take Profit: $45.06 (Near the next resistance level)

Risk-Reward Ratio:Risk: $44.52 - $44.27 = $0.25

Reward: $45.06 - $44.52 = $0.54

Risk-Reward Ratio: ~1:2.16 (favorable setup)

Trade Plan:

Wait for a confirmed breakout above $44.52 (entry level).Use a tight stop loss at $44.27 to manage risk effectively.Set a take-profit level near $45.06 for the expected bullish move.

Alternative Scenario:

If the price breaks below $44.27, the symmetrical triangle may result in a bearish breakout. Avoid the long trade and look for short opportunities if the price falls below $44.00, targeting $43.65 or lower.

#AVAX #BTC100KTrumpEffect #NonFarmPayrollsImpact