🚀🔥 $AVAX /USDT EXPERIENCES A DECLINE - POTENTIAL SUPPORT TEST! 🔥🚀
The $AVAX /USDT pair is currently trading at $41.24, reflecting a 1.46% decrease in the last 24 hours. The 24-hour high is $42.38, and the 24-hour low is $41.21. The 24-hour trading volume for AVAX is 1.74 million, and for USDT, it is 72.84 million. The chart shows a recent sharp decline in price, indicated by a large red candlestick.
Trade scenarios:
- Bullish scenario: If the price finds support at the current level and rebounds, it could target the next resistance level at $41.80.
- Take profit (TP): $41.80
- Stop loss (SL): $41.00
- Bearish scenario: If the price continues to decline and breaks below the support level of $41.21, it could head towards the next support at $40.80.
- Take profit (TP): $40.80
- Stop loss (SL): $41.50
Market outlook:
The current market sentiment for AVAX/USDT is cautiously bearish due to the recent sharp decline. However, a potential rebound could occur if the price finds strong support. Traders should monitor key support and resistance levels to make informed decisions.
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