AVAX Night Defense Battle, Can It Break Resistance and Reach New Heights?

The current price of AVAX is $45.71, showing a fluctuating upward trend. From the daily chart, the price has broken through the short-term moving average, indicating that market bulls are dominant. The current resistance level is around $47.00, while the support level is solid at $44.50. The trading volume has slightly increased, suggesting that market sentiment is becoming more active, and there may be significant fluctuations during the night.

In terms of technical indicators, the RSI is around 60, indicating that bullish strength is not yet overheated; the MACD has formed a golden cross above the zero axis, signaling further upward movement. However, the upper resistance area is quite dense, and a short-term breakthrough will require stronger momentum.

Technical Analysis and Key Levels:

• Resistance Levels: $46.50, $47.00

• Support Levels: $45.00, $44.50

If the price can stay above $46.50, it is expected to further challenge $47.00; conversely, if it falls below $45.00, there is a high probability of a pullback to $44.50.

Short-Term Trading Strategy:

1. Long Strategy:

• Entry Price: $45.80 (enter after breakout)

• Take Profit Price: $46.80

• Stop Loss Price: $45.30

• Leverage Suggestion: 3-5 times

2. Short Strategy:

• Entry Price: $45.00 (enter after breakdown)

• Take Profit Price: $44.20

• Stop Loss Price: $45.50

• Leverage Suggestion: 3-5 times

AVAX's night trend may experience a rise and fall scenario; if it can strongly break through $46.50, it may further open up upward space to challenge $47.00; however, if bullish momentum is insufficient, it may fluctuate and pull back around $45.00. Short-term traders need to flexibly grasp the timing of entry and exit, and should not blindly chase highs and sell lows, paying attention to the breakout signals at key levels!