$AVAX /USDT: At the Edge – Bullish or Bearish Move Imminent
Bullish Signal
$AVAX is showing signs of continued recovery, currently trading at $44.33 on the 1D timeframe. A breakout above the resistance at $44.76 could confirm bullish momentum. Consider entering a long position around $44.30, with targets at $45.00, $45.80, and $46.50. To manage risk, set a stop-loss at $43.50. If buying volume increases, AVAX may head for higher levels in the coming sessions.
Bearish Signal
If $AVAX fails to break the resistance at $44.76, a pullback toward its support at $40.63 becomes likely. Enter a short position around $44.00, with downward targets at $43.20, $42.50, and $41.80. Place a stop-loss at $44.80 to mitigate risk. Watch for decreasing volume and bearish candlestick patterns, which could signal a trend reversal.
The next move depends on how AVAX reacts to the $44.76 resistance level. Keep an eye on the price action for clarity.....