Yeah. Where are the volumes? You still tell about long positions on the 5-minute chart.
NASA_Signals
--
Bullish
LONG #AVAXUSDT from $19.969 stop loss $19.371
1h TF. The price has reached the lower boundary of the descending wedge. Previously, bounces occurred in this zone. The 1H OB area around the level of 19,850 acts as a demand zone. This is confirmed by the volumes.
A "weak bottom" is forming and liquidity is under the level. This makes the entry point attractive for long positions. A series of CHoCH and BOS is also observed. They indicate a potential reversal and recovery within the bullish structure.
Targets: TP1: 20.399 - the nearest supply zone and liquidity. TP2: 21.154 - test of the 30M OB zone and the upper boundary of the range. TP3: 22.438 - return to the key resistance level and 1H OB.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.