AVAX/USD Analysis – Testing Major Demand Zone! Is a Reversal

Pair: Avalanche / USD
Timeframe: 15-Minute
Indicator: LuxAlgo Supply and Demand + Volume Range
Current Price: $20.06
Key Support: $20.15
Major Resistance Zones:

$21.23 (mid-range target)

$22.15 (supply zone)



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Chart Breakdown:

AVAX has dropped into a strong demand zone between $20.15–$20.00, which has historically triggered bullish reactions. A bullish candle has formed right at this zone, hinting at a possible reversal setup.

Two trade paths:

1. Reversal Scenario (High Probability):

A bounce from this zone could push price toward $21.23 or even $22.15.

Watch for bullish candlestick patterns (like engulfing or pin bars) around this area.



2. Breakdown Scenario:

If price breaks and closes below $20.00 with high volume, expect continuation to lower demand zones (watch for a separate update).





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Trade Setup:

Buy Zone: $20.00–$20.15 (on bullish confirmation)

Target 1: $21.23

Target 2: $22.15

Stop Loss: Below $19.80 (tight) or $19.60 (conservative)



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What to Watch:
The next 3–5 candles will be crucial. A bullish reaction from this demand zone could signal the next upward leg.

Engage:
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