The price is currently running along the lower edge of the ascending channel, with support levels repeatedly confirmed, and a clear upward demand zone has already formed locally. This is not a position to chase shorts; short positions have low cost-effectiveness and are easily hit by rebounds. Next, focus on confirmation actions. As long as the pullback does not break the demand zone and a daily-level stabilization signal appears, testing the upper edge of the channel upward is highly probable. The pace may be slow, but the structure remains healthy.
The mid-term target path is very clear: First target at $14, which is the structure repair level; After stabilizing, look at $18, which is the channel's central axis pressure; If volume breaks through, $21 is the trend extension target. In one sentence: Do not short if the lower edge is not broken; wait for bullish signals before acting. This type of movement tests patience, not quick reflexes. $AVAX
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AVAX Daily Mid-term Trend Judgment: Neutral leaning bullish.
The price is currently running along the lower edge of the ascending channel, with support levels repeatedly confirmed, and a clear upward demand zone has already formed locally. This is not a position to chase shorts; short positions have low cost-effectiveness and are easily hit by rebounds.
Next, focus on confirmation actions.
As long as the pullback does not break the demand zone and a daily-level stabilization signal appears, testing the upper edge of the channel upward is highly probable. The pace may be slow, but the structure remains healthy.
The mid-term target path is very clear:
First target at $14, which is the structure repair level;
After stabilizing, look at $18, which is the channel's central axis pressure;
If volume breaks through, $21 is the trend extension target.
In one sentence:
Do not short if the lower edge is not broken; wait for bullish signals before acting.
This type of movement tests patience, not quick reflexes. $AVAX