🚀 $AVAX /USDT: TESTING RESISTANCE – BREAKOUT OR PULLBACK? ⚡
The $AVAX/USDT pair is currently trading at 44.47, hovering near key levels. Traders should watch closely for a potential breakout or retracement as the price approaches resistance.
📊 Trade Scenarios:
Entry Point: 44.47
Take Profit (TP 1): 46.00
Take Profit (TP 2): 47.50
Take Profit (TP 3): 49.00
Stop Loss (SL): 43.00
Support is at 43.00, while resistance is at 46.00. A breakout above 46.00 could signal bullish momentum, targeting 47.50 and 49.00. However, a drop below 43.00 might indicate bearish pressure and lead to a retest of lower levels.
📉 Market Outlook:
AVAX is currently holding strong above 43.00 support, with the potential to move higher if it clears 46.00 resistance. A breakout could confirm bullish momentum, while failure to hold support may trigger a pullback.
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