Currently, $AVAX USDT is in an upward pullback phase amid a larger trend that is still leaning downwards. This means the main focus is on short-term trading with disciplined TP/SL, rather than chasing long swings.
Here is my personal quick action plan (not financial advice):
1️⃣ If you DO NOT have a position yet (intraday scalping)
Wait for the price to drop again close to intraday support 13.8–14.0.
Entry BUY only when there is confirmation:
A lower rejection candle (pin bar) or a strong green candle that engulfs the previous red candle appears on the 15m–1H timeframe.
Set a tight SL of 0.2–0.3 below the entry (example: entry 13.9, SL 13.6–13.7).
Quick TP:
TP1 in the high area today / nearest resistance around 14.3–14.4.
After TP1 is reached, move SL to the entry price and target TP2 around 14.6–14.8 if the momentum is still strong.
2️⃣ If you ALREADY hold a BUY position from below
Secure profits by:
taking partial profit in the area of 14.2–14.4.
moving SL for all positions to 13.8–13.9 (above important support) so that if the price reverses sharply, capital and profits remain protected.
Leave the remaining 'runner' positions only if the candle in the 1H/4H timeframe is still strongly green and has not shown reversal patterns like doji or bearish engulfing at the resistance area.
3️⃣ If you want to FIND a quick SELL position
Safer to wait for the price to rise to strong resistance at 14.6–14.8 or a spike to the 15 area.
Look for weak signals: long upper wick or bearish engulfing on the 15m–1H timeframe.
Entry SELL only after confirmation, with SL of 0.2–0.3 above resistance (e.g., 14.9–15.1).
Quick TP:
TP1 at 14.2–14.3.
TP2 at 13.9–14.0;
after TP1 hits, move SL closer to the entry price to lock in risk.
4️⃣ Risk management is mandatory. Maximum risk per trade is 1–2% of total capital.
Avoid entering right after a large unusual candle appears (news spike), wait for at least 2–3 candles to see the direction more clearly.
If unsure about the direction, no-trade is an option; the next opportunity is always there.
This post is merely a journal of my analysis and personal trading plan to participate in the Write to Earn event at Binance Square, not an invitation or investment recommendation. Always DYOR, maintain psychology, and use strict risk management. 🔍📉#BinanceBlockchainWeek #writetoearn #Avaxusdt #PerpetualFutures #priceaction
