$AVA /USDT has been in a consolidation phase for the past few days, forming a symmetrical triangle pattern. The price has been trading within a tight range between the $1.1354 support and the $1.4891 resistance levels. The Relative Strength Index (RSI) is currently at 54.9299, indicating neutral momentum.
* Current Price: $1.3762
* Entry Price: A breakout above the $1.4891 resistance level could signal a bullish trend. A conservative entry point could be around $1.50.
* Take-Profit Targets:
* Target 1: $1.6565
* Target 2: $1.745
* Target 3: $1.8316
* Stop-Loss: A break below the $1.1354 support level could invalidate the bullish scenario. A stop-loss can be placed around $1.10.
Caution:
* The market is highly volatile, and prices can change rapidly. It's important to use proper risk management techniques, such as stop-loss orders, to limit potential losses.
* Always do your own research and consult with a financial advisor before making any investment decisions
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