AVAX Holding $23.20 Support — Buyers Defending
I'm watching AVAX around $23.20 — buyers are clearly defending that support level.
I take the defense as a bullish short-term signal, but I want confirmation from sustained price action or rising volume before increasing exposure.
If $23.20 breaks, I'll reassess and look for risk-managed re-entry lower.
Analysis
Support at $23.20 being actively defended implies accumulation and a higher probability of near-term upside, provided volume supports the move; a decisive break would likely trigger a deeper pullback.
Recommendation
Hold existing positions and consider buying on weakness near the $23.20 area with a tight stop below the level, or wait for a volume-backed breakout before adding size.
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.