Hi, friends! Monday, the markets are waiting for the opening of the SnP500, which will help to understand the general direction for the crypto market.
Avalanche is consolidating below the trendline and I think the break up is highly possible.
📊 There are preconditions to open a long:
✅ trap+volume growth which already happend
🔥 squeeze to the trendline
🔥 bullish BTC
🚩Pay your attention to the $17-18 value area. It will be nice to not see some bearish false breakouts. If something loke this happen, i will book the profit from the longs and open short positions.
✅ The targets for the AVAX:
1. $17-18 - the value area
2. $20 - the key level
3. $21-23- the liquidity gap
🚩 I recommend you to book at least 50-60% of profit at the 2nd target.
💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.