Avax is inside of a very clear range, swept the range low, and now is hiding MS from Breaish to bullish. there are two kinds of play here, first is to wait for a pullback to around 12.1-12.3 and DCA with a stop loss below the lows at 11.4 which we might or might not get the pullback. the second play is long at the Hourly S/R level with the same stop loss at 11.4. whatever you choose apply risk management. target is around 16- 17 dollars
Trade active
My Average entry is 12.2Note
took partial profit at 13, stops BENote
still looking good. I cashed out around 55% of my position and with a stop at entry, I am riding this to 18 dollars.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.