AVAX: Are Adjusted Opportunities Coming?
Market Analysis
AVAX has recently experienced a significant pullback, showing signs of fatigue after a period of strong upward movement. However, currently dipping to a key area may be a good time for short-term funds to pay attention.
Support and Resistance Levels
• Support Levels: $41.50, $40.00, $38.20
• Resistance Levels: $43.50, $45.00, $47.20
Short-term Trading Strategy
Long Strategy (Bullish):
• Entry Point: $42.20
• Add Position Point: $41.00
• Stop Loss Point: $37.80
• Take Profit Targets: $43.50, $45.00, $47.20
Short Strategy (Bearish):
• Entry Point: $43.50
• Add Position Point: $45.00
• Stop Loss Point: $48.00
• Take Profit Targets: $42.00, $40.50, $38.50
My Prediction
Currently, the adjustment is substantial, but the support is strong, and a short-term rebound is expected. Therefore, I am more inclined to position myself for a long as prices dip, targeting the areas near the first resistance zone.
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