AVAX/USDT – Bullish Channel Setup with Strong Risk/Reward

AVAX is currently respecting a clear bullish channel on the 1H timeframe. Price just tapped the lower trendline and key Support Zone #1, forming a potential higher low setup.

If this trendline holds, I’m expecting a bounce targeting the 19.50–20.00 resistance zone — aligning with the top of the channel.

📌 Entry Zone: Around 17.50
🎯 Target: 19.50–20.00
🛑 Stop: Below 16.90

This setup offers a clean risk-to-reward and follows the broader channel structure. Watching for a confirmation bounce or bullish engulfing candle off support before entering.

💬 Let me know what you think — bullish continuation or deeper pullback incoming?

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