Coin Name: $ME
Position: Short
Entry Price: 0.962
The liquidity heatmap for AVAX shows significant liquidity on both the upside and downside. It's likely that AVAX will first move lower to clear the downside liquidity before reversing to target the liquidity above. This would align with typical market behavior of sweeping key liquidity zones before a directional move.
On the 1-hour timeframe, USDT.D is moving within an ascending channel. A slight pullback is likely, potentially forming a W pattern accompanied by bullish divergence. If this plays out, a move to the upside is expected. An upward move in USDT.D typically signals risk-off sentiment, which could be negative for the broader crypto market.
Leverage : 3X
Targets
1st TP 0.86
2nd TP 0.80
3rd TP 0.70
This is a risky trade. If you open any position in this trade, then first do your research.
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