AVAX/USDTPERP (Futures) Long-Term Trend: Bullish
Key Resistance Levels: 78.856, 78.900, 78.950.
Key Support Levels: 66.396, 57.005, 56.500.
The price on the higher time frame found support around the 66.396 USDT mark where it left a bar with a long wick to the downside which shows that the buyers are coming back to the market and might push the price again to the upside toward the 78.856 USDT level.
AVAX/USDTPERP (Futures) Medium-Term Trend: Bullish
On the lower time frame, the pair succeeded to break the bearish channel to the upside after finding buyers near the area of confluence made by the strong support and the 61.80% Fibonacci retracement level around the 66.396 USDT mark. A lower pullback could be seen before the market shoot to the upside toward the 78.856 USDT level.
Buy Limit Order @ 66.590
TP 1 @ 78.617
TP 2 @ 78.900
Stop Loss @ 61.217
Trade Safely 🙂