AVAX SWING LONG IDEA - ALTCOIN SEASON
Updated
AVAX is one of the most well-known coins, with strong fundamentals. I believe it will perform well during the 2024-2025 bull run.
The price is coming from the monthly demand zone, showing solid rejection and strength. It also broke the diagonal trendline responsible for the bearish trend. The weekly momentum is strongly bullish, and the daily momentum is also bullish, supported by Bitcoin's strength.
The price may form a small range here before taking off straight toward the purple targets.
I’ve bought a spot position here and will be holding it all the way to new highs and targets above.
The price is coming from the monthly demand zone, showing solid rejection and strength. It also broke the diagonal trendline responsible for the bearish trend. The weekly momentum is strongly bullish, and the daily momentum is also bullish, supported by Bitcoin's strength.
The price may form a small range here before taking off straight toward the purple targets.
I’ve bought a spot position here and will be holding it all the way to new highs and targets above.
Trade closed: target reached
Perfect trade.
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