Do you know how AVAX will choose its direction?
Market fluctuations are intensifying, and opportunities lie in the details!
Quick look, the key points for the next layout!
Market Analysis
AVAX is currently in an adjustment phase, and after a rapid decline earlier, the price is seeking stabilization near a key support level. In the short term, market sentiment is somewhat divided, with both bulls and bears relatively balanced in strength. If it can hold above the support level, a rebound opportunity may arise; however, if it breaks below the support, further downside risks should be monitored.
Support and Resistance
• Support Levels: $36.50, $34.80, $33.00
• Resistance Levels: $38.50, $40.00, $42.00
Short-term Trading Strategy
1. Long Position Plan
• Entry: $36.70
• Add Position: $35.00
• Stop Loss: $32.80
• Take Profit: $38.50, $40.00, $42.00
2. Short Position Plan
• Entry: $38.50
• Add Position: $40.00
• Stop Loss: $42.10
• Take Profit: $36.70, $35.00, $34.00
My Prediction
I tend to lean towards going long. The current support area is relatively solid, and the price may stabilize here and attempt to rebound upwards; pay attention to the performance near the support level and wait for further confirmation before entering a long position.
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