AVAX has rallied over 56% since our previous idea and is now trading into major resistance. This zone may trigger a short-term rejection, presenting a solid swing trade setup on a pullback.
We’re watching for a retrace toward the $26 support zone, where limit orders are planned. If price reacts positively, this offers a favorable risk/reward entry into the next bullish leg.
📉 Trade Plan:
• Entry Zone: $26.00
• Targets: $29.00–$33.00, $38.00–$42.00
• Stop Loss: Below $23.00
#AVAX #Avalanche #CryptoTrading #Altcoins #SwingTrade #TechnicalAnalysis #CryptoSetup #AVAXUSDT #CryptoStrategy #CryptoCharts #Resistance #SupportZone #PriceAction #RiskReward
We’re watching for a retrace toward the $26 support zone, where limit orders are planned. If price reacts positively, this offers a favorable risk/reward entry into the next bullish leg.
📉 Trade Plan:
• Entry Zone: $26.00
• Targets: $29.00–$33.00, $38.00–$42.00
• Stop Loss: Below $23.00
#AVAX #Avalanche #CryptoTrading #Altcoins #SwingTrade #TechnicalAnalysis #CryptoSetup #AVAXUSDT #CryptoStrategy #CryptoCharts #Resistance #SupportZone #PriceAction #RiskReward
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.