#TradingPairs101
๐ฅ Trade Setup: AVAX/USDT
๐ Analysis Overview
AVAX is currently displaying strong bullish momentum, fueled by recent ecosystem upgrades and a positive rotation in the altcoin market.
The price is pulling back to a key support zone, offering a high-probability long setup.
๐ Trade Plan
๐ Entry Zone: $20.50 โ $21.00 (Buy-the-dip opportunity)
๐ฏ Take Profit (TP): $25.00 โ $27.00
๐ Stop Loss (SL): $19.00
โ๏ธ Risk/Reward Ratio: ~4:1
๐ Market Structure
๐ผ Trend: Confirmed uptrend with higher lows
๐ Momentum: Bullish sentiment across altcoins
๐ Key Indicators: Pullback to support + strong fundamentals
๐ง Trading Strategy
โ Enter on pullback near support zone
๐ Ride the continuation of the breakout
๐ Monitor volume and BTC movement for additional confirmation
