$AVAX READY TO EXPLODE! – WATCH THIS BULL PENNANT FORMATION CLOSELY!
The $AVAX chart is showing a bull pennant consolidation pattern, a classic setup for an explosive breakout! After a significant upward move, the price has been tightly consolidating, indicating bullish momentum is still strong.
Key Levels to Watch:
🔵 Resistance Zone: $37.50 – A breakout above this level could catapult $AVAX toward higher targets like $40.00 and beyond.
🟢 Support Zone: $32.50 – Holding this zone is crucial for maintaining bullish momentum. A breakdown could test lower supports near $27.50.
⚠️ Trading Setup:
• Long Entry: Above $37.50, targeting $40.00, $45.00, and $50.00.
• Stop Loss: Below $32.50 to manage risk.
💡 With this bullish structure and the current momentum, AVAX is gearing up for a decisive move. Don’t miss the action!
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