Do you know how AVAX will choose its direction?
The market is increasingly volatile, and opportunities lie in the details!
Quick look at the key points for the next layout!
Market Analysis
AVAX is currently in an adjustment phase, and after a rapid decline earlier, the price is looking for stabilization opportunities near key support levels. In the short term, market sentiment has diverged, with a relatively balanced force between bulls and bears. If it can stabilize at the support level, there may be a rebound opportunity; however, if it breaks below support, further downward risks need to be heeded.
Support and Resistance
• Support Levels: $36.50, $34.80, $33.00
• Resistance Levels: $38.50, $40.00, $42.00
Short-term Trading Strategy
1. Long Position Plan
• Entry: $36.70
• Add Position: $35.00
• Stop Loss: $32.80
• Take Profit: $38.50, $40.00, $42.00
2. Short Position Plan
• Entry: $38.50
• Add Position: $40.00
• Stop Loss: $42.10
• Take Profit: $36.70, $35.00, $34.00
My Prediction
I lean towards going long. The current support area is relatively solid, and the price may stabilize here and attempt to rebound upwards. Pay attention to the performance near the support level, and wait for further confirmation before entering a long position.
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