🔥 $AVAX /USDT – BULLISH BOUNCE ALERT 🔥
$AVAX is showing strong recovery after touching the 24h support at 6.224. Price has rebounded to 6.655 and is now consolidating near the mid-range, forming a potential V-shaped recovery. A breakout above 6.838 could accelerate momentum toward the 7.072 24h high, with volume rising as buyers step in.
Trade Setup:
Entry Zone: 6.655 – 6.700 (confirmation above 6.700 strengthens the setup)
Target 1: 6.838
Final Target: 7.072
Stop Loss: 6.224
Technical Notes:
Price formed a clear double bottom at 6.224, signaling bullish reversal.
Bullish engulfing candles indicate buyers regaining control.
Increasing volume near resistance suggests strong buying interest.
Why Traders Should Watch:
Risk-to-reward is favorable; momentum is shifting to bulls. Once 6.838 flips into support, a rapid move toward 7.072 is likely. Ideal for short-term breakout traders.
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