🚨 $AVAX /USDT Analysis – Potential Bullish Continuation! 🚀📈

$AVAX/USDT is currently trading at $50.01, showing a solid 10.45% gain over the last 24 hours. The price is consolidating near key levels, and we could be approaching a critical breakout or retracement.

Trade Setup:

Long Entry: Above $51.00 with a Stop Loss (SL) at $48.50

Target 1: $52.00

Target 2: $54.00

Target 3: $56.00

Short Entry: Below $48.00 with a Stop Loss (SL) at $51.00

Target 1: $46.00

Target 2: $44.00

Key Levels to Watch:

Resistance: $51.00 – A breakout above this level could signal a push towards $52.00 and beyond.

Support: $48.00 – If the price dips below this support, consider taking short positions, with targets lower.

Market Sentiment & Risk Management:

With 45.63% growth in the last 30 days and strong bullish momentum, $AVAX is positioning itself for a continued rise. However, watch resistance at $51.00 carefully, as a failure to break this level could trigger a retracement. Risk management is critical in this volatile market environment.

Conclusion:

$AVAX is showing strong upward potential, but caution is needed as it nears resistance levels. Look for a breakout above $51.00 for a continuation of the rally. Always implement proper risk management to protect against downside movements.

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