AVAX/USDT | 4-Hour Demand Zone Setup
Updated
This trade setup for AVAX/USDT on the 4-hour timeframe is based on a potential bounce from a strong demand zone. Here's the trade plan:
This setup relies on the buyers' interest at the demand zone and assumes a potential reversal or retracement from this area. As always, monitor the trade and adjust according to market conditions. Feedback or refinements are welcome!
- Entry: Around $35.585, within the demand zone (highlighted in gray) starting at $35.685.
- Stop-Loss: Below the demand zone at $33.446 to account for a breakdown of the zone.
- Take-Profit: Targeting $44.909, corresponding to a key resistance level and a solid risk-reward ratio.
This setup relies on the buyers' interest at the demand zone and assumes a potential reversal or retracement from this area. As always, monitor the trade and adjust according to market conditions. Feedback or refinements are welcome!
Trade active
Limit hit. Went up ~5.5% before retesting the same zone and up again. Let's see how this one goes.
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