Is it true that many people are feeling bitter because they see
$AVAX stepping in place while other โgirlsโ fly like rockets?
Donโt be discouraged yetโthis market isnโt for those who lack patience. After that slight dip just now, Iโm noticing some extremely interesting signals from those dry technical numbers.
Now, take a look at these key points:
๐น 15-minute timeframe: The price is hovering around 6.60, below the MA(20) at 6.6571 and the EMA(9) at 6.6197. This suggests that short-term selling pressure is still weighing down the market, and an immediate breakout isnโt possible yet.
๐น 1-hour timeframe: The situation is different hereโthe price is above the MA(20) at 6.5356 and closely tracking the EMA(9) at 6.6146. This indicates that the buyers have established a solid support zone around 6.53. Testing this area could be a golden opportunity to accumulate before the strong PUMP move.
My view is that the selling side is gradually running out of steam. If
$AVAX holds the 6.50 level firmly, itโs highly likely that the market will accelerate upward and soon test the 7.00 zone.
My personal setup Iโm watching:
๐ Position: LONG
๐ Entry: 6.52 - 6.58
๐ TP: 6.85 - 7.10
๐ SL: 6.38 (If the candle closes below this level, Iโm withdrawing immediatelyโno hesitation)
Personally, I think this price zone is a fairly safe entry point for anyone who wants to catch the bottom on a trade with a good profit range.
What do you think about this
$AVAX recoveryโwill it be strong enough to break past 7.5 this week?
#CryptoTrading #AltcoinUpdate
Note: This is my personal perspective, not investment advice. Trading always comes with risks (DYOR).