AVAX Long Spot Position (Support Entry)
2024-10-02

Market Context: AVAX has retraced to a key support level between $23.00 and $25.50, offering a strategic entry point for a long trade as it shows potential for a bounce.

Trade Setup:

Entry: In the current $23.00 - $25.50 level of support.
Take Profit:
First target: $30.50 - $33.00
Second target: $39.00 - $41.50
Stop Loss: Just below $24.50.

This trade aims to leverage the support level for a potential upward movement, maintaining a favorable risk-reward ratio. #AVAX #SupportTrade