Is This the Start of a New Bull Run?
After a long and grueling 1,400 days of sideways trading, AVAXUSDT, the Avalanche token, has finally broken out of its long-term resistance line on the weekly chart!
What does this mean for AVAX?
A breakout like this is a bullish signal, suggesting that AVAX could be ready for a significant price increase. The high volume accompanying this breakout further strengthens the bullish sentiment.
Here's what you need to know:
Buy Zone: Below $54.00
Stop Loss: $40.00
Take Profit 1: $64.50
Take Profit 2: $85.00
Take Profit 3: $140.00
What should you do?
If you're bullish on AVAX, now might be a good time to consider buying. However, as always, it's important to do your own research and only invest what you can afford to lose.
Disclaimer: This is not financial advice. Please do your own research before making any investment decisions.
Let's hope that this breakout is the beginning of a new bull run for AVAX!
Stay tuned for more updates!