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buy on weakness
AVAX

Avalanche Tests $24 Support; Bullish MACD Suggests Buy on Weakness

I see AVAX slipping 5.44% to $24 as it tests a key support level after the recent pullback.

I also note bullish MACD momentum emerging, which suggests underlying strength despite the drop, so I’m waiting for confirmation rather than rushing in.

My plan is to consider buying on weakness around the $24 area with defined risk controls if the support holds and momentum confirms.

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Analysis

Price is testing the $24 support after a 5.4% pullback while MACD is turning bullish; this creates a conditional bullish setup that requires confirmation via hold of support and supportive volume to r...

Recommendation

Buy on weakness near $24 if support holds and MACD/volume confirm; use a stop-loss below the support and keep position sizing conservative.

Disclaimer

The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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