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
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.