Technical Analysis

The $AVAX /USDT pair is currently in an uptrend. The price has broken above the key resistance level of 35.80, indicating a potential bullish continuation. The formation of higher highs and higher lows suggests a bullish momentum.

Trade Recommendations

* Long Trade: Enter a long position at the current price of 35.80 with a stop-loss at 32.31. The target for this trade is 37.61.

* Short Trade: Wait for a reversal signal, such as a bearish candlestick pattern or a break below the 32.31 support level, before considering a short position.

Market Outlook

Given the bullish momentum and the recent price action, the market is likely to continue its upward trend in the short term. However, traders should be cautious of potential short-term corrections or consolidations.

Leverage

Use leverage wisely. High leverage can amplify both profits and losses. It's crucial to manage risk effectively and avoid over-leveraging.

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