$AVAX Bullish Setup Ahead!

Avalanche (AVAXis consolidating within a symmetrical triangle pattern on the weekly chart. It’s currently retesting the resistance at the trendline,

with the 50-week moving average (MA) providing support below.

What’s Next?

1. Bullish Bounce: A bounce from this zone could signal the start of a bullish trend, aiming for $135.

2. Key Levels:

Resistance: $75–$80, where the trendline is. Breaking this could trigger the next upward move.

Support: $60–$65 range (50-week MA), crucial for keeping the bullish trend intact.

3. Market Action: Symmetrical triangle patterns often lead to strong moves once the price breaks out of the consolidation zone.

Next Steps for You:

Trader Tip: Watch for a strong bounce or breakout above the trendline near $75–$80 for potential buys.

Risk Management: Set stop-loss orders near $60–$65 in case the pattern fails.

Stay Informed: Keep an eye on AVAX price action and broader market conditions for confirmation.

AVAX looks ready for a breakout—prepare for possible big moves ahead!

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