AVAX has recently tested a major resistance level at 875 THB but failed to break through, while the RSI has entered the overbought zone. This suggests a possible short-term pullback. However, the price action hints at the potential formation of a bullish Cup and Handle pattern, with support seen near 734 THB.
Trading Strategy:
A buy entry can be considered at the support level of 734 THB, where the handle of the pattern may form.
If the price holds this level, there is potential for a rebound toward the resistance at 875 THB—this level may serve as a short-term profit-taking point.
If AVAX manages to break above 875 THB, it would confirm a bullish reversal and continuation of the uptrend.
A stop-loss should be placed if the price drops below the previous low at 664 THB.
AVAX is a Layer 1 blockchain positioned to benefit from the growing trend in Stablecoins and Real World Assets (RWA), as the Avalanche network offers robust infrastructure for such use cases.
Trading Strategy:
A buy entry can be considered at the support level of 734 THB, where the handle of the pattern may form.
If the price holds this level, there is potential for a rebound toward the resistance at 875 THB—this level may serve as a short-term profit-taking point.
If AVAX manages to break above 875 THB, it would confirm a bullish reversal and continuation of the uptrend.
A stop-loss should be placed if the price drops below the previous low at 664 THB.
AVAX is a Layer 1 blockchain positioned to benefit from the growing trend in Stablecoins and Real World Assets (RWA), as the Avalanche network offers robust infrastructure for such use cases.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.