đș $AVAX : THE PULLBACK THAT COULD SET UP ROUND TWO
$AVAX is testing the $10 area after its sharp rally. Iâm watching $9.50â$10.04 as the support zone for this setup.
Hold that zone and reclaim $11.81, and the next upside area is $14.66â$15.00, where the 1.618 Fibonacci extension meets historical resistance.
Thatâs where Iâd expect a tougher test. A breakout and successful retest would strengthen the case for $16â$17.
A daily close below $9.50 would weaken this scenario and put the breakout base near $7.20 back on the radar.
Nothing is guaranteed. Do Your Own Research.
$AVAX is testing the $10 area after its sharp rally. Iâm watching $9.50â$10.04 as the support zone for this setup.
Hold that zone and reclaim $11.81, and the next upside area is $14.66â$15.00, where the 1.618 Fibonacci extension meets historical resistance.
Thatâs where Iâd expect a tougher test. A breakout and successful retest would strengthen the case for $16â$17.
A daily close below $9.50 would weaken this scenario and put the breakout base near $7.20 back on the radar.
Nothing is guaranteed. Do Your Own Research.
