$AVAX

Brothers, today I will show you the latest market of AVAX! The current price is $50.95. Bulls are trying to break through $52, but bears are not vegetarians either. This wave of bull-bear confrontation is very interesting!

Key point analysis

$52: The watershed between bulls and bears

Now the price has touched the pressure level of $52, and bears are expected to defend here. If it cannot break through, the price is likely to turn down.

20-day moving average ($41.40): The defensive line of bulls

The 20-day moving average is currently tilted upward, and the RSI is also in the overbought area, which shows that bulls are still dominant. If the price falls back to $41.40 and rebounds strongly from here, then there is a great chance of breaking through $51, and the target is $60!

Opportunity for bears: Breaking below the 20-day moving average

If bears successfully smash the price below $41.40, it means that the trend may be reversed. At that time, AVAX may further drop to $38, and $38 will become a key support.

Short-term operation strategy

Long order strategy:

If you see the price rebound near $41.40, follow up with a light position and long order, with a target of $51, and look to $60 after breaking through. Stop loss is recommended to be set below $39.50.

Short order strategy:

If the price is obviously blocked near $52, you can consider short-term layout, with a target of $41.40. If it falls below the 20-day moving average, you can chase the short, with a target of $38 and a stop loss above $42.

Summary

Brothers, this wave of AVAX market is to keep an eye on the two key points of $52 and $41.40. Both bulls and bears are fighting, let's find a confirmation point to follow up and steadily take profits!

The last sentence: Are you long today? Or are you ready to go short to the end? Don't forget to look at the right position before taking action, you will regret it if you miss the market!