$AVAX

🔥 AVAX/USDT Technical Analysis: Eyeing the Next Move 🚀

The AVAX/USDT pair is trading at $36.62, and the chart is shaping up for some intriguing price action. Here’s the breakdown:

🔑 Key Support Levels:

The first major support lies at $35.80-$36.00, a zone where buyers could step in to defend the price. If this level breaks, we might see a dip toward $34.50, a stronger support area.

🔝 Resistance Zones:

Immediate resistance is at $37.20, where recent price action has been rejected. A breakout above this level could open the door for a rally toward $38.50 or higher.

📈 Trading Strategy:

For Buyers: Wait for a pullback near $36.00 or a confirmed breakout above $37.20. Target $38.50 while managing risk with a stop-loss below $35.80.

For Sellers: Look for rejection near $37.20 to enter short positions. Target $36.00 or $34.50, with a stop-loss above $37.50.

The market is consolidating, but the next move could be decisive. Whether it’s a breakout or a pullback, stay sharp and capitalize on these opportunities. AVAX is setting the stage—are you ready? 📊

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