$AVAX builds strength for a breakoutđđ
Short-time $AVAX chart with RSI at 53.79, showing neutral to slightly bullish sentiment. The MACD at -0.02 suggests mild bearish momentum, but the Stochastic Oscillator at 42.55 hints at an upcoming rebound.
A bullish spot entry could be considered if price breaks above $23.39, targeting $23.50 with a stop-loss at $23.20.
A short trade could be initiated if the price drops below $23.28, targeting $23.10 with a stop-loss at $23.40.
On the hourly chart, $AVAX appears more bullish with the RSI at 63.42 and MACD at -0.01.
Traders could enter long positions above $23.38, targeting $23.68 with a stop-loss at $23.20.
For bearish trades, consider entering short below $23.21, targeting $23.00, with a stop-loss at $23.30.
On the daily chart, AVAX a neutral-to-bullish outlook with an RSI of 52.26.
Traders could aim for a breakout above $23.49, targeting $24.00 with a stop-loss at $23.25.
Bearish trades could be considered below $23.14, targeting $22.50 with a stop-loss at $23.50.
Note: All indicator readings are as per the publish time of this analysis. Exercise caution and do thorough research before making trading decisions.
