Strategic AVAX Long Position  :  Support Entry Opportunity

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AVAX has retraced to a crucial support level between $23.00 and $25.50, creating a strategic opportunity for a long trade. With the potential for a bounce from this zone, traders can consider this as a solid entry point. The market context indicates that AVAX may be poised for upward movement from this support, aiming for key targets.

Trade Setup  :

- Entry  :   $23.00 - $25.50 support level

- Take Profit Targets  :

1. $30.50 - $33.00

2. $39.00 - $41.50

Stop Loss  :  Below $24.50

Conclusion  :

This trade setup aims to capitalize on AVAX’s support level bounce, offering a favorable risk-reward ratio.

Advice for Investors  :

Position yourself for potential gains with a clear stop loss below the support level to manage risk effectively. Keep an eye on resistance levels for profit-taking opportunities.