$AVAX /USDT Technical Analysis & Trade Signal
Current Price: $39.57 (+7.29% change in the last 24 hours)
24h High/Low: $39.74 / $35.70
24h Volume: 2.96M AVAX, $112.17M USDT
Trend Momentum: Bullish (7.29% increase)
Technical Indicators:
Support Levels:
Primary Support: $38.47 (SAR level)
Secondary Support: $36.75 (IBIN level)
Resistance Levels:
First Resistance: $39.89
Second Resistance: $39.74
Key Levels:
Current Price: $39.57
Trade Signal:
Trade Type: Buy
Momentum: Bullish (since the price has seen a notable increase over the past 24 hours)
Target Levels (🎯):
1. Target 1: $40.50 – Break above the previous high ($39.74) and aim for a higher price action.
2. Target 2: $42.00 – Extension of upward trend, considering the strength in momentum.
3. Target 3: $44.00 – Potential for a more substantial move if the bullish trend continues.
Trade Strategy:
Entry Point: $39.57
Stop Loss: $38.00 (below support level to manage risk)
Risk-Reward Ratio: 2:1, considering the bullish momentum and proximity to target levels.
Conclusion:
With a strong upward trend and bullish momentum, AVAX/USDT appears set to continue its rise. Consider entering at $39.57, with potential to reach $40.50, $42.00, and $44.00 in the coming trading sessions.
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