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Recently, AVAX's performance has indeed been eye-catching. After rebounding from above $13, it has now stabilized at $14.180000, with a clear bullish sentiment. The RSI is also at 52.8, indicating there is still room for further strength.
Honestly, this rebound didn't come out of nowhere. Although the market is always full of negative news, the technical indicators on the chart still tell a clearer story — at least for now, the trend shows that the bulls are still in control.
Looking at key price levels, $13.750000 is the support at the bottom of this rebound, with resistance above at $14.610000. If the price can break through $14.460000, the chances of a breakout will significantly increase. As long as it holds above $14.180000, there is a good possibility of continued upward movement.
My own strategy is arranged as follows: start with a light position for observation, maintaining about 20%. Once it breaks through $14.460000, consider increasing the position to 40%, to better participate in the subsequent upward potential. Set the stop-loss at $13.750000, with an initial target of $14.610000. Of course, the market is ever-changing, and no one can predict it perfectly — risk management always comes first.
Key price levels summary:
• Support: $13.750000
• Resistance: $14.610000
• Breakout level: $14.460000
What do you think about this rebound? Any ideas for discussion?