#AVAX
๐ AVAX/USDT Trade Signal ๐
๐น Position: Long
๐น Entry Zone: $23.20 - $23.80
๐น Stop Loss: $22.50
๐น Target 1: $25.50 (65% Probability)
๐น Target 2: $26.80 (50% Probability)
๐น Target 3: $28.00 (35% Probability)
๐น Stop Loss Probability: 30%
๐ Trade Setup Analysis:
AVAX/USDT has surged over 13%, breaking a key resistance level.
EMA Structure: Price is trading well above the 7-day and 25-day moving averages, confirming strong bullish momentum.
Volume Surge: A significant volume increase supports the bullish continuation.
Momentum Indicators: RSI at 89, indicating strong momentum but also nearing overbought conditions.
โ ๏ธ Key Risks & Considerations:
A possible retracement to $23.20 - $23.80 before further upside.
A break below $22.50 could invalidate the bullish setup.
Resistance at $25.50 may cause temporary consolidation.
๐ธ THIS IS MY ANALYSIS ๐ธ
๐ Please do your own research, and if it aligns with your strategy, then consider taking the trade.