$AVAX
*$AVAX * 📊
Anticipate....
Based on this 4H AVAX chart, the bullish scenario is reasonable, but it depends on support holding.
Analysis:
✅ Price has reclaimed around 6.64, showing short-term strength.
🟫 The 6.20–6.25 zone is marked as the key demand/support area.
📈 If AVAX pulls back to that zone, holds it, and forms a bullish confirmation candle, the next move could target:
TP1: 6.80
TP2: 7.00
TP3: 7.50 (major resistance)
Invalidation:
❌ A strong 4H close below 6.20 would weaken the bullish setup and could lead to another drop.
Trading idea:
Entry: Wait for a retest of 6.20–6.30 with bullish confirmation, or a clean breakout above 6.70.
Stop Loss: Below 6.10 (adjust based on your risk management).
Bias: Cautiously Bullish while price remains above the support zone.
This setup has potential, but confirmation is more important than entering early.
#AVAX #BinanceSquare
*$AVAX * 📊
Anticipate....
Based on this 4H AVAX chart, the bullish scenario is reasonable, but it depends on support holding.
Analysis:
✅ Price has reclaimed around 6.64, showing short-term strength.
🟫 The 6.20–6.25 zone is marked as the key demand/support area.
📈 If AVAX pulls back to that zone, holds it, and forms a bullish confirmation candle, the next move could target:
TP1: 6.80
TP2: 7.00
TP3: 7.50 (major resistance)
Invalidation:
❌ A strong 4H close below 6.20 would weaken the bullish setup and could lead to another drop.
Trading idea:
Entry: Wait for a retest of 6.20–6.30 with bullish confirmation, or a clean breakout above 6.70.
Stop Loss: Below 6.10 (adjust based on your risk management).
Bias: Cautiously Bullish while price remains above the support zone.
This setup has potential, but confirmation is more important than entering early.
#AVAX #BinanceSquare