Lingrid | AVAXUSDT Compression Phase Before Upside Breakout

AVAXUSDT is retracing from local highs but remains inside the broader upward channel. Price is nearing the $22.00 support zone, which aligns with the uptrend line and a potential higher low area. If bulls defend this zone and trigger a bounce, we could see a continuation toward $28.00 and possibly higher into the resistance area. However, a breakdown below $22 would shift near-term structure bearish.

📈 Key Levels

• Buy zone: $21.50 – $22.00
  
• Buy trigger: bullish rejection from $22.00 with volume
  
• Target: $28.00
  
• Sell trigger: clean break below $21.50
  

💡 Risks

• Crypto market sentiment remains fragile amid macro uncertainties
  
• Failed bounce from $22 could initiate deeper correction
  
• Loss of trendline support would invalidate bullish setup
  

Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻