AVAX's recent trend is indeed worth paying attention to. The current price is around $14.10, and from a technical perspective, bullish signals are still quite clear. The RSI indicator shows 50.5, and the overall trend remains in a bullish advantage.



From the support and resistance layout, the support below is stable at $13.68. If this level is broken, the pressure will be quite significant. The resistance above is at $14.52, with a more critical breakout point set at $14.38. Based on past experience, once AVAX can effectively break through the $14.38 level, there is considerable room for subsequent gains.

From a trading perspective, my approach is as follows: first, start positioning around $14.10, with an initial allocation controlled at 20%. After the price successfully breaks through $14.38, consider increasing the position to 40%. For risk management, set the stop-loss at the support level of $13.68. Regarding profit targets, you can phase your outlook between $15.50 and $16.50.

The Avalanche ecosystem has also been quite active recently, and the market's attention to such public chains is increasing. However, all trading involves risks, so I recommend everyone to develop plans based on their own risk tolerance and avoid blindly following the trend. What do you think about this level? If you have any ideas, feel free to discuss them together.
AVAX-0,86%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Repost
  • Share
Comment
0/400
CrossChainBreathervip
· 01-06 23:12
14.38 is really a key level; once broken, it feels like it can take off.
View OriginalReply0
TokenDustCollectorvip
· 01-06 10:38
14.38 is really a key level to hold. If it can't break through, it seems like we need to wait a bit longer.
View OriginalReply0
DAOplomacyvip
· 01-04 07:57
honestly the whole $14.38 breakpoint thing feels like post-hoc rationalization... like, historically speaking we've seen these "critical levels" fail more often than not due to, uh, non-trivial externalities in market microstructure that nobody really talks about
Reply0
gas_fee_therapyvip
· 01-04 07:57
Wow, is 14.38 really such a critical point? It seems like every time I hear people say "break through the key level" and then it just drops back down.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • بالعربية
  • Português (Brasil)
  • 简体中文
  • English
  • Español
  • Français (Afrique)
  • Bahasa Indonesia
  • 日本語
  • Português (Portugal)
  • Русский
  • 繁體中文
  • Українська
  • Tiếng Việt