AVAX pushed into a key resistance zone over the weekend but failed to break through, resulting in a sharp rejection. This reaction indicates short-term seller dominance and raises the probability of a pullback toward lower support.
Price is now approaching an important support region. A successful defense of this zone could maintain the broader structure and open the door for a relief bounce. Failure to hold may shift momentum further bearish.
Trading Plan:
• Bias: Cautiously Bullish on Support Hold
• Entry Zone: $8.50 – $8.75
• Take Profit 1: $9.50 – $10.50
• Take Profit 2: $11.80 – $13.20
• Stop Loss: Just below $8.00
Price is now approaching an important support region. A successful defense of this zone could maintain the broader structure and open the door for a relief bounce. Failure to hold may shift momentum further bearish.
Trading Plan:
• Bias: Cautiously Bullish on Support Hold
• Entry Zone: $8.50 – $8.75
• Take Profit 1: $9.50 – $10.50
• Take Profit 2: $11.80 – $13.20
• Stop Loss: Just below $8.00
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.