Avalanche ($AVAX ) Technical Analysis
Current Price: $38.08
24h High: $39.49
24h Low: $34.42
24h Vol(AVAX): 5.80M
24h Vol(USDT): 214.05M
Market Outlook:
The Avalanche chart shows a bullish trend with a potential upward movement. The price has broken above the resistance level of $37.00, indicating a strong bullish momentum.
Trade Strategy:
Long Trade:
* Entry: $38.08 (Current Price)
* Target: $40.00
* Stop Loss: $36.00
* Leverage: 2x
Short Trade:
* Entry: $39.49 (24h High)
* Target: $36.00
* Stop Loss: $41.00
* Leverage: 2x
Conclusion:
Avalanche is currently in a bullish trend, and the price is likely to continue its upward movement. Long positions are recommended with a target of $40.00 and a stop loss of $36.00. However, traders should be cautious as the market is volatile, and the price could reverse direction.