$AVAX

/USDT Technical Analysis and Trade Signal🚀🎯

Current Price: $39.24

Trend: Strong Bullish Momentum

Bollinger Bands (20, 2): Price is trading above the upper band ($38.80), indicating strong upward momentum, but also signaling potential overbought conditions.

SAR (0.02, 0.2): SAR level at $34.54 confirms the ongoing bullish trend as the price remains well above this level.

Key Levels:

1. Immediate Support: $38.00 (previous consolidation zone)

2. Next Support: $35.21 (Bollinger Middle Band and strong psychological level)

3. Resistance Zone: $39.50 - $40.00 (24h high and round number psychological barrier)

Trade Signal: Buy on Pullback

Entry:

Look for a pullback near $38.00 to $38.50 (support zone) to enter long positions.

Stop Loss:

Place a stop loss below $35.00 to manage downside risk.

Targets:

1. 🎯 Target 1: $40.00 (Immediate resistance zone and psychological barrier)

2. 🎯 Target 2: $42.50 (Extension of current momentum and next significant resistance)

3. 🎯 Target 3: $45.00 (Potential breakout continuation level)

Trade Momentum:

Bullish – Strong trading volume ($220.66M USDT) supports upward momentum. A close above $39.50 could lead to further price acceleration.

Confirmation: Watch for sustained volume and RSI behavior for overbought conditions. If momentum weakens near resistance, consider partial profit-taking at Target 1.

Reversal Risk: If price breaks below $35.00, it may indicate a loss of momentum and trend reversal.

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