Coin Name: $AVAX
Position: Long
Entry Price: 1st Entry 20.773
2nd Entry 18.88
On the 4-hour timeframe, AVAX is trading within an ascending channel, and the RSI is currently holding within a key demand zone, indicating potential buyer interest. This area often acts as a buyer's territory. If aligned with your strategy, you may consider opening a long position with two entries, managing risk accordingly.
On the weekly timeframe, AVAX shows a large concentration of liquidity above the current price, suggesting a potential move to the upside. The market often seeks to target and absorb liquidity, making it likely that AVAX could push higher to capture those levels.
On the daily timeframe, USDT.D is forming a descending channel and is currently holding below the upper trendline. It has also faced rejection from the middle line of the Bollinger Bands, indicating potential downward momentum. A move lower in USDT.D would be a bullish signal for the broader crypto market.
LEVERAGE: 3X
Targets:
1st TP 22.65
2nd TP 24.80
3rd TP 26.65
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