AVAX's oscillating market after the pullback, where to go in the short term?

Market Analysis

Currently, the price of AVAX is gradually entering a consolidation phase after experiencing significant fluctuations, with market buying and selling power being relatively balanced. Investor sentiment is mainly cautious, but the market still possesses certain volatility.

Support and Resistance Levels

• Support Levels: $1.30, $1.20, $1.10

• Resistance Levels: $1.40, $1.50, $1.60

Short-term Trading Strategies

1. Long Strategy

• Entry Point: $1.30

• Add Position Point: $1.20

• Stop Loss Point: $1.08

• Profit Target: $1.40, $1.50, $1.60

2. Short Strategy

• Entry Point: $1.40

• Add Position Point: $1.50

• Stop Loss Point: $1.62

• Profit Target: $1.30, $1.20, $1.10

$AVAX

My Prediction

In the short term, AVAX is more inclined to oscillate downward, with bearish forces prevailing. It is recommended to pay attention to whether the key support levels below are effective.

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