Technical analysis by Pro-Trading-Africa about Symbol AVAX: Buy recommendation (1/26/2025)

📈 AVAX Analysis Update:AVAX has recently bounced off a strong support level on the 4-hour timeframe, with the RSI showing oversold conditions. Additionally, increased on-chain activity and growing adoption of Avalanche’s subnets suggest heightened interest from both retail and institutional investors. These factors indicate a potential bullish movement for AVAX.📉 Expectations:We expect AVAX to re-test key resistance levels highlighted in the attached chart. A breakout above these levels could open the door for further upward momentum.📊 Trading Strategy:This setup is based on a combination of technical indicators and volume trends, suitable for medium to long-term trades. Always ensure proper margin management and implement sound risk controls to navigate market fluctuations.🚦 Trading Rules:1️⃣ Rule 1: Enter the trade only after AVAX crosses above our entry-level (GREEN LINE ON THE CHART).2️⃣ Rule 2: Once Target 1 is achieved, consider partially closing your position or moving your STOP LOSS to the ENTRY price to protect gains.3️⃣ Rule 3: Avoid entering new trades based on the same signal after Target 1 is reached.4️⃣ Rule 4: If AVAX consolidates for over 2 days without breaking resistance, close the trade and wait for new opportunities.💡 Disclaimer:This is not financial advice—just an educational post sharing my ideas and thoughts. Always conduct your own research and consult a financial advisor before making any investment decisions.Feel free to reach out with questions or feedback. Trade smartly and stay disciplined! 🚀✨