1️⃣ Insight Summary:
AVAX has been in a steady downtrend, but now we seem to be approaching a strong bottom area. A potential W-pattern is forming, which could kickstart a bullish move from here!
2️⃣ Trade Parameters:
Bias: Long
Entry: Around $20.00 – $21.80
Stop Loss: Around $14.60 (monitoring volume carefully)
TP1: $25.00
TP2: $36.00
TP3: $44.00
TP4: $52.00
Partial Exits: Gradually locking in profits at each target.
3️⃣ Key Notes:
✅ W-pattern formation suggests a bullish reversal could be underway.
✅ Strong volume near the bottom would add extra confirmation.
✅ There’s a liquidity cluster around $23.00, meaning we might see a fast move up as stops get triggered.
❌ A breakdown with high volume below $14.60 would invalidate this setup.
✅ I’ll also consider compounding the position if we dip a little further before reversing.
4️⃣ Follow-up Note:
I'll continue tracking this setup and post updates if anything major changes.
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Disclaimer: This is not financial advice. Always conduct your own research. This content may include enhancements made using AI.
