AVAX is currently respecting a clear bullish channel on the 1H timeframe. Price just tapped the lower trendline and key Support Zone #1, forming a potential higher low setup.
If this trendline holds, I’m expecting a bounce targeting the 19.50-20.00 resistance zone — aligning with the top of the channel.
📌 Entry Zone: Around 17.50
🎯 Target: 19.50-20.00
🛑 Stop: Below 16.90
This setup offers a clean risk-to-reward and follows the broader channel structure. Watching for a confirmation bounce or bullish engulfing candle off support before entering.
💬 Let me know what you think — bullish continuation or deeper pullback incoming?
#AVAX #CryptoTrading #PriceAction #BullishChannel #TradingView #TA #Altcoins
This news is powered by TradingView 
