AVAX/USDT It looks fake out, is need reclaim for back to upward!

💎 Paradisers, #AVAX is indeed a coin worth monitoring closely.

💎 It has experienced a fakeout, indicating uncertainty in the market. This could lead to a potential test of the OB (Order Book) to gather liquidity before attempting to reclaim or break the resistance level for continued upward movement.

💎 However, if AVAX successfully reclaims the price above the resistance without testing the OB first, it may signal strong bullish momentum, potentially leading to a move towards the supply area around the $47 level.

💎 Breaking through the supply area is crucial to confirm a bullish trend reversal, indicating further upward movement for AVAX.

💎 Conversely, if AVAX fails to break through the supply area and experiences a strong rejection, the price may retreat and test the support level around $39.8, which previously acted as resistance.

💎 A concerning scenario would be if AVAX fails to bounce upon reaching the OB area, potentially leading to a breakdown and a move towards the key support level.

💎 In such a case, a bearish invalidation would occur if AVAX breaks below the key support level and the daily candle closes below it, signaling a continuation of the bearish movement with potential further downward momentum.

MyCryptoParadise
iFeel the success🌴