Coin name: AVAX
Long
Price: 16$
(Enter on entry price)
AVAX has already broken out of a bullish inverse head and shoulders pattern on the 4H time frame. After a successful retest of the breakout zone, it’s likely to move higher — a good entry opportunity may come right after the retest.
The total Money Flow Index (MFI) has rebounded from the Fibonacci retracement support level, indicating renewed buying pressure in the market.
Bitcoin is also showing signs of moving upward, and as BTC rises, altcoins are expected to follow with strong momentum.
5x leverage isolated
Sl: 15
Target:
1) 17
2)18
3)19
4)20
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