$AVAX
š AVAX/USDT Technical Analysis: Action Brewing at $36.90!
AVAX is trading at $36.90, consolidating near key levels as the market anticipates its next decisive move. The current setup presents an exciting opportunity for traders looking to capitalize on price action.
š Key Levels:
Resistance: $37.50 is the immediate hurdle. A breakout could push AVAX toward $38.50 or even $40.00.
Support: $36.00 serves as a strong floor, with additional support at $35.00 if bears take control.
š Bullish Strategy: If AVAX breaks above $37.50, it may trigger a bullish rally with targets at $38.50 and $40.00. Enter long above resistance, with a stop-loss at $36.50 to protect against downside risk.
š Bearish Strategy: A drop below $36.00 could signal a pullback toward $35.00 or even $34.00. Short positions below support, with a stop-loss at $36.80, can capture potential downward momentum.
AVAX is nearing a critical momentāwhether it breaks higher or corrects lower, the price is primed for movement. Keep an eye on volume and market sentiment to time your trade perfectly! š
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