$AVAX is stabilizing after defending the 11.800 reaction low and I am watching this closely because buyers stepped in firmly and prevented further downside. The 1h candles are forming a tight base which shows selling pressure is weakening and momentum is attempting to shift after the pullback.

Here is my full setup from this chart.

Entry Point

12.020 – 11.880

Target Point

TP1: 12.080

TP2: 12.240

TP3: 12.400

Stop Loss

11.760

It is possible because every dip near 11.880 is getting absorbed quickly and sellers are failing to break structure lower. If $AVAX holds above this support zone the move toward 12.080 becomes the natural first step before momentum attempts higher continuation again.

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$AVAX

AVAX

12.19

+1.66%