$AVAX

USDT – Bullish Continuation Setup 📊🚀

Current Data:

Price: $50.59

24h High: $50.86

24h Low: $48.32

24h Change: +3.46%

24h Volume:

AVAX: 2.48M

USDT: 122.67M

Technical Analysis 🔍:

Trend: AVAX is in a bullish trend, up by 3.46% over the past 24 hours, with continued momentum pushing the price higher.

Support: $48.32 – This is a strong support level and would be a good entry point if the price retraces.

Resistance: $50.86 – Immediate resistance to watch for breakout potential.

Momentum: The bullish momentum is intact, as price is currently consolidating near its highs.

Volume: Healthy trading volume suggests the current price movement is backed by strong market interest.

Trade Strategy 🚀:

Entry Zone 📍:

Buy Zone: Enter at $50.50 - $50.59 if the price consolidates near current levels, or $48.50 - $48.80 on a potential retracement to support.

Target Keys 🎯:

1. $51.00 – Initial resistance, watch for breakout confirmation.

2. $52.50 – Intermediate target if bullish momentum continues.

3. $54.00 – Final target in case of sustained bullish trend and further breakout.

Stop-Loss 🚨:

Conservative Stop-Loss: $48.00 – Below key support, offering solid protection.

Aggressive Stop-Loss: $49.00 – For a tighter risk management approach.

Trade Setup ⚙️:

Confirmation Needed: Watch for price action above $50.60 for confirmation of a breakout, with volume increasing on up moves.

Indicators to Watch:

MACD: Look for a bullish crossover to confirm upward momentum.

RSI: Ensure RSI remains above 50 to confirm strength.

Volume: A significant rise in volume during breakouts would strengthen the trade setup.

Execution Plan 🎯:

1. Buy: Enter around $50.50 - $50.59 if consolidation continues or $48.50 - $48.80 on retracement.

2. Take Profit:

First target at $51.00

Second target at $52.50

Final target at $54.00 for maximum profit.

3. Stop-Loss: Set at $48.00 (conservative) or $49.00 (aggressive).

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