“AVAX Strong Surge, Can Bulls Continue the Offensive?”
Market Analysis:
AVAX has shown steady performance in recent days, with bullish forces continuously pushing the price upwards, but there is some resistance around the $50 mark, and there are signs of a brief stalemate between bulls and bears in the market. However, the overall trend remains optimistic.
Support and Resistance Levels:
• Support Levels: 49.00, 45.20, 43.00
• Resistance Levels: 51.00, 52.80, 55.80
Short-term Trading Strategy:
Bullish Strategy:
• Entry Point: 49.00
• Add Position Point: 45.20
• Stop Loss Point: 42.80
• Take Profit Targets: 51.00, 52.80, 55.80
• Position Allocation: 50%-30%-20%
Bearish Strategy:
• Entry Point: 51.00
• Add Position Point: 52.80
• Stop Loss Point: 56.00
• Take Profit Targets: 49.00, 45.20, 43.00
• Position Allocation: 50%-30%-20%
My Prediction:
The current trend of AVAX is strong, with bulls temporarily in control, support levels are solid, and I lean towards going long, optimistic about breaking the $51 resistance level and further challenging the $55 peak.
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