AVALANCHE at Critical Support: Rebound Toward 33.00?
AVAXUSD has reached a significant support level, marked by prior price reactions and strong buying activity. This level has historically acted as a key demand zone, suggesting the potential for a bullish reversal if buyers step in.The current market structure indicates that if the price confirms a rejection within this zone, an upward move toward the 33.00 level is likely, aligning with a logical retracement within the current market structure.
Traders should monitor for bullish confirmation signals, such as bullish engulfing candles or strong rejection wicks, to validate potential long entries.
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