After delivering a strong 13.50% move from our previous analysis, AVAX is now approaching a key technical area that could decide the next leg of the trend. The main focus is on the $9.60 resistance zone, which is acting as the current overhead barrier for price.
For this setup, we are not chasing price aggressively. Instead, the ideal confirmation would be a clean breakout above $9.60, followed by a successful retest of that level as new support. If buyers manage to defend this zone, it could provide a solid structure for a potential long spot opportunity.
As long as AVAX holds above the retested breakout area, the bullish continuation scenario remains valid. The upside targets are layered progressively, while risk is controlled with a stop placed below the nearby support region.
Trade Setup:
Entry: On the break and retest of $9.60
Take Profit 1: $10.50
Take Profit 2: $11.80
Take Profit 3: $13.20
Stop Loss: Below $8.70
Confirmation Needed: Breakout + successful retest holding as support
For this setup, we are not chasing price aggressively. Instead, the ideal confirmation would be a clean breakout above $9.60, followed by a successful retest of that level as new support. If buyers manage to defend this zone, it could provide a solid structure for a potential long spot opportunity.
As long as AVAX holds above the retested breakout area, the bullish continuation scenario remains valid. The upside targets are layered progressively, while risk is controlled with a stop placed below the nearby support region.
Trade Setup:
Entry: On the break and retest of $9.60
Take Profit 1: $10.50
Take Profit 2: $11.80
Take Profit 3: $13.20
Stop Loss: Below $8.70
Confirmation Needed: Breakout + successful retest holding as support
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.