🚀 $AVAX /USDT: TESTING SUPPORT – POTENTIAL FOR A BULLISH MOVE? ⚡
The $AVAX /USDT pair is currently trading at $37.26, consolidating near an important support level. This zone could present an opportunity for a breakout or pullback, depending on price action.
📊 Trade Scenarios:
Entry Point: $37.26
Take Profit (TP 1): $38.50
Take Profit (TP 2): $39.80
Take Profit (TP 3): $41.00
Stop Loss (SL): $36.00
Support is at $36.00, while resistance is at $38.50. A breakout above $38.50 could lead to further gains, targeting $39.80 and $41.00. A drop below $36.00 may indicate a bearish retracement.
📉 Market Outlook:
AVAX is testing the critical support at $36.00. If the price holds above this level, we could see an upward move towards $38.50 and beyond. A breakout above $38.50 would confirm bullish momentum. However, a break below $36.00 could shift the market sentiment to bearish.
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