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! 🚀✨