$AVAX Trading Setup
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Entry Price: $26.74
Stop Loss (SL): $23.10
Target Price (TP): $32.00
Break Point (BP): $28.60
If the price breaks above $28.60, it could signal further upward momentum. Keep a close watch on $23.10 as a critical support level.
#Avax has shown strength since the last update, with the support area holding firm. Weâve adjusted the support level higher based on recent price action, and the price might be signaling a move towards the next Fibonacci Invalidation Point (FIP) target for wave three. While the current rally remains a three-wave move, increasing momentum could lead to the formation of a five-wave pattern, which would confirm an uptrend. Key levels to watch include $28.6 to validate the third wave and $23.10 as the critical support zone.
