FOCUSING ON KEYLEVEL POTENTIAL TARGETS AND STOP-LOSS 🫣🔥📢
$AVAX $AVAX $AVAX
AVAX/USDT, here’s an updated analysis, focusing on key levels, potential targets, and stop-loss suggestions:⚪✅
Key Levels
Current Price: 31.85 USDT24h High: 37.67 USDT24h Low: 31.34 USDTSupport Level: 30.69 USDT (near the 24-hour low)Resistance Level: 33.13 USDT (just below recent highs)
Target Levels
First Target: 33.13 USDT – If the price breaks above this, it may test higher resistance levels.Second Target: 35.57 USDT – Potential resistance if the trend strengthens after breaking 33.13.
Stop-Loss Level
Stop-Loss: 30.69 USDT – Below the recent low, to minimize risk in case the market reverses.
Trend Analysis
Price Change: -9.65% in the last 24 hours.Volume: 299.31M AVAX and 8.67M USDT in 24-hour trading volume, indicating active market participation but a pullback in price.MA(5): Below recent prices, indicating short-term weakness.MA(10): Suggests a bearish short-term trend, further supporting a cautious approach.
Summary:
Short-term Trend: Bearish, given the recent drop.Targets: 33.13 and 35.57 USDT, if bullish momentum continues.Stop-Loss: 30.69 USDT, below the support zone, to limit downside risk.
This setup allows for some upside while managing risk effectively based on recent price movement and volume analysis.
