$AVAX /USDT 🏔️ Avalanche's Ascent or Descent?
Let's Analyze the Snowfall!
Key Levels to Watch:
* Resistance: $45.99
* Support: $43.30
Trade Scenarios:
* Bullish Scenario: If Avalanche breaks above the resistance of $45.99, it could signal a bullish trend. Traders could consider a long position with a target of $46.11 and a stop-loss at $45.25.
* Bearish Scenario: If Avalanche breaks below the support of $43.30, it could signal a bearish trend. Traders could consider a short position with a target of $43.53 and a stop-loss at $44.39.
Market Outlook:
Avalanche is currently in an uptrend, but the price action is showing signs of consolidation. Traders should closely monitor the key levels and be prepared for potential swings in both directions.