š $AVAX /USDT Analysis: Critical Levels to Watch! ā”
The $AVAX /USDT pair is trading at 43.69, positioned at an important price level. As the market fluctuates, this area could determine the next significant move, with a potential breakout or breakdown in play.
š Trade Scenarios:
Entry Point: 43.69
Take Profit (TP) 1: 45.00
Take Profit (TP) 2: 47.00
Take Profit (TP) 3: 50.00
Stop Loss (SL): 42.00
Key Levels to Watch:
Support: 42.50
Resistance: 45.00
The price is currently testing support at 42.50, with immediate resistance at 45.00. A breakout above this resistance could drive the price toward the next targets at 47.00 and 50.00. However, a failure to hold the support level could lead to a decline towards 42.00 or lower.
š Market Outlook:
The market is consolidating, making it crucial to monitor price action closely for a potential breakout or breakdown. Watch for increased volume as confirmation of the next major move.
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