🚀 $AVAX /USD: CHECKING IMPORTANT LEVELS – PREPARE FOR A VOLATILITY! ⚡
The pair $AVAX /USD is currently trading at 44.00, fluctuating near significant support and resistance levels. A breakout could pave the way for considerable price action, so traders should be alert for opportunities.
📊 Trading scenario:
Entry point: 44.00
Take profit (TP) 1: 46.00
Take profit (TP 2): 48.00
Take profit (TP 3): 50.00
Stop loss (SL): 42.00
Support is at 42.00, while resistance is at 46.00. A breakout above 46.00 could push the price toward 48.00 and 50.00. A drop below 42.00 might signal a bearish retracement.
📉 Market outlook:
AVAX/USD is holding above the support level at 42.00. If the price remains above this level, there is a likelihood of an upward move targeting 46.00 and above. A breakout above 46.00 will confirm the bullish momentum, while a drop below 42.00 could lead to a further bearish trend.
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