Trading Signal Alert for AVA/USDT (4-Hour Chart)

Overview:

AVA/USDT has displayed significant upward momentum, experiencing a 275.45% increase in price over the last 24 hours. The coin surged from a low of $0.7495 to a high of $3.5200, indicating a strong bullish breakout. Currently, the price is consolidating near $2.8602, suggesting potential continuation or retracement.

Key Levels:

Current Price: $2.8602

Resistance Levels: $3.00 (minor), $3.52 (recent high)

Support Levels: $2.60 (minor), $1.53 (previous breakout level)

Trade Setup:

Entry Price: $2.80 - $2.90

Take-Profit Targets:

Target 1: $3.20

Target 2: $3.50

Target 3: $4.00 (in case of sustained breakout)

Stop Loss: $2.40 (below key support to manage risk)

Caution:

Traders should watch for price stability above $2.80 before entering trades. Additionally, monitor trading volume as reduced activity could indicate exhaustion of the bullish trend. A break below $2.60 may signal$BTC