Coin name:AVAX
Long
Price: 17.67
(Enter on entry price)
On the 4-hour chart, AVAX is forming an inverse head and shoulders pattern — a classic bullish setup. If it manages to break above the neckline resistance, I’ll be looking to enter a long position, as that would confirm bullish momentum.
Bitcoin continues to show strength on the 1-hour timeframe, which could drive positive sentiment across the altcoin market. If BTC maintains its upward movement, altcoins are likely to follow. However, always use proper risk management when entering trades.
Meanwhile, the total crypto market cap is also developing an inverse head and shoulders pattern on the 4-hour timeframe. This is another bullish signal, suggesting the potential for a short-term rally in the broader market.
5x leverage isolated
Sl: 16.92
Target:
1) 18
2)18.40
3)19
4)20
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