AVAX Sets Sail Again! Intraday Trend Analysis and T+0 Contract Strategy, Opportunities Not to Be Missed

AVAX (Aave) is currently priced at $43.40, and today's market sentiment is somewhat volatile. The rebound from yesterday has weakened, and today's price fluctuates near the support level. Considering the overall cautious atmosphere in the market, AVAX still shows strong volatility, providing good opportunities for short-term traders.

Technical Analysis and Key Levels:

Support Level: Around $42.00, if the price falls back to this level, a rebound may occur. Resistance Level: $44.50, if the price breaks through this point, it may further rise to $46.

From the 4-hour chart, AVAX is currently in a smaller fluctuation range, with prices consolidating between $42.00 and $44.50, and may repeatedly test support and resistance within this range in the short term.

Short-term Contract Strategy:

Long Strategy:

Entry Point: Consider going long when the price pulls back to around $42.00 and stabilizes. Stop Loss: $41.50, to prevent the risk of breaking below the support level. Target: $44.50, after breaking through the resistance level, you may try to hold until $46. Leverage: Apply 2-3 times leverage, controlling risk according to market volatility.

Short Strategy:

Entry Point: If the price fails to break through $44.50 and quickly falls below $44.00, consider going short. Stop Loss: $45.00, to prevent further upward pressure on the price. Target: $42.00, if it breaks below this level, it may further decline to around $40. Leverage: It is recommended to use 2 times leverage to control risk.

AVAX is likely to oscillate within the $42-$44.50 range in the short term. If the price breaks through $44.50, it may further rise to $46; conversely, falling below the $42.00 support may lead to a drop back to $40. Therefore, both long and short strategies are worth paying attention to, seizing short-term opportunities in volatility and being flexible will be key. $AVAX