š $AVAX /USDT: ROCKETING TO NEW HIGHS šš
The $AVAX /USDT pair is showing impressive gains, currently trading at $40.38, reflecting a significant 14.81% increase. The 24-hour high is $40.51, and the 24-hour low is $35.09. The trading volume is substantial, with 1.85 million AVAX and 70.01 million USDT, indicating strong market activity and interest. The 15-minute candlestick chart shows recent price movements, with the latest price slightly down by 0.20% from the previous candlestick.
š Trade Scenarios š
- Bullish Scenario: If the price breaks above the 24-hour high of $40.51, it could target $42.00. TP: $42.00, SL: $39.50.
- Bearish Scenario: If the price fails to sustain above $40.38 and breaks below $39.50, it could retest the support at $38.00. TP: $38.00, SL: $40.00.
š Market Outlook
The overall market sentiment for $AVAX/USDT remains bullish. Traders should watch for sustained volume and price action above the current levels to confirm the continuation of the upward trend. However, potential pullbacks should be monitored closely to manage risks effectively.
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