Can AVAX Break Through the Siege? Opportunities Hidden in the Downtrend

Core Interpretation: Support Emerges, Will the Buying Opportunity Arrive?

Strategy Analysis: Pressure Zones Established, Comprehensive Analysis of Short-Term Strategies

Market Analysis:

AVAX is currently in a weak consolidation phase, with prices hovering in a downtrend channel. However, recent trading volume has increased, indicating intensified competition between bulls and bears. Market sentiment is bearish, but strong support below suggests a potential for a short-term rebound.

Three Support Levels and Three Resistance Levels:

• Support Levels: 35.00, 34.50, 33.80

• Resistance Levels: 36.20, 37.50, 38.50

Short-Term Trading Strategy:

Long Position:

• Opening Point: 35.20

• Add Position Point: 34.60

• Stop Loss Point: 33.70

• Take Profit Targets: First Target 36.20; Second Target 37.50; Third Target 38.50

Short Position:

• Opening Point: 36.30

• Add Position Point: 37.60

• Stop Loss Point: 38.60

• Take Profit Targets: First Target 35.50; Second Target 34.80; Third Target 34.00

My Prediction:

AVAX may experience a rebound in the short term, but the overall weak trend remains unchanged. It is recommended to pay close attention to the support area around 35.00 and to focus on low buys to seize rebound opportunities.

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