AVAX/USDT – Key Demand Zone Holding, Reversal Incoming?

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AVAX/USDT Technical Analysis (Daily Chart)

- Point of Interest: Price is currently testing a strong demand zone (highlighted in green) around the $18.74 - $21.76 range.
- Potential Reversal: A bullish reaction from this zone could lead to a price rebound.
- First Target: $30.92, a key resistance level.
- Second Target: $42.89 - $43.08, aligning with previous highs.
- Risk: A breakdown below $18.74 may indicate further downside.

Conclusion:
If AVAX holds above the demand zone, it presents a potential long opportunity towards the first and second targets. However, a close below $18.74 would invalidate this setup.

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Trade closed with 300 pips+ profits.