🚨 $AVAX UPDATE — DON’T CHASE THE PUMP
$AVAX is trading around $7.3 after a strong move higher today. Price is approaching an important resistance area, so I’m watching for confirmation instead of blindly chasing the candle.
📊 Levels I’m watching:
🟢 Support: $6.25–$6.30
🟢 Stronger support: $6.05–$6.15
🔴 Resistance: $8.00–$8.05
The short-term setup could remain bullish if AVAX holds above the recent support area.
My preference: ➡️ Wait for a pullback and confirmation
➡️ Or wait for a clean breakout above resistance
❌ I wouldn’t chase a fast green candle
If AVAX breaks and holds above $8.00, the next move could become more interesting. If support around $6.25–$6.30 fails, I’d expect the setup to weaken.
⚠️ Crypto is highly volatile. These are chart levels I’m watching, not guaranteed targets. Always manage risk and do your own research.
What’s your view on $AVAX — breakout or pullback? 👇
#AVAX #Avalanche #Crypto #CryptoAnalysis
$AVAX is trading around $7.3 after a strong move higher today. Price is approaching an important resistance area, so I’m watching for confirmation instead of blindly chasing the candle.
📊 Levels I’m watching:
🟢 Support: $6.25–$6.30
🟢 Stronger support: $6.05–$6.15
🔴 Resistance: $8.00–$8.05
The short-term setup could remain bullish if AVAX holds above the recent support area.
My preference: ➡️ Wait for a pullback and confirmation
➡️ Or wait for a clean breakout above resistance
❌ I wouldn’t chase a fast green candle
If AVAX breaks and holds above $8.00, the next move could become more interesting. If support around $6.25–$6.30 fails, I’d expect the setup to weaken.
⚠️ Crypto is highly volatile. These are chart levels I’m watching, not guaranteed targets. Always manage risk and do your own research.
What’s your view on $AVAX — breakout or pullback? 👇
#AVAX #Avalanche #Crypto #CryptoAnalysis