$AVAX AVAXUSDT : The Calm Before the Squeeze Storm

The price is moving within a bearish channel on the 1-hour timeframe; it has reached the lower boundary and appears poised for a rebound. A retest of this boundary is expected, supporting an upward move.
The Relative Strength Index (RSI) indicates a bearish trend, but an upward breakout is likely due to oversold conditions on the 1-hour chart.
An orange trend line supports the potential upward rebound.
There is initial support at 9.70, acting as a preliminary support zone.
A key support zone (marked in green) exists at 9.39; the price has rebounded from this area multiple times, making it a strong support level.
The price is moving toward the 200-period moving average—a level we are currently approaching—which supports a rise.
Entry Price: 10.30
Target 1: 10.45
Target 2: 10.64
Target 3: 10.90
Stop Loss: At the green resistance zone.
Remember this simple rule: capital management.
Thank you.