AVAX / TetherUSLong
Avalanche (Avax) market analysis
📈 AVAX Analysis Update:
AVAX has recently bounced off a strong support level on the 4-hour timeframe, with the RSI showing oversold conditions. Additionally, increased on-chain activity and growing adoption of Avalanche’s subnets suggest heightened interest from both retail and institutional investors. These factors indicate a potential bullish movement for AVAX.
📉 Expectations:
We expect AVAX to re-test key resistance levels highlighted in the attached chart. A breakout above these levels could open the door for further upward momentum.
📊 Trading Strategy:
This setup is based on a combination of technical indicators and volume trends, suitable for medium to long-term trades. Always ensure proper margin management and implement sound risk controls to navigate market fluctuations.
🚦 Trading Rules:
1️⃣ Rule 1: Enter the trade only after AVAX crosses above our entry-level (GREEN LINE ON THE CHART).
2️⃣ Rule 2: Once Target 1 is achieved, consider partially closing your position or moving your STOP LOSS to the ENTRY price to protect gains.
3️⃣ Rule 3: Avoid entering new trades based on the same signal after Target 1 is reached.
4️⃣ Rule 4: If AVAX consolidates for over 2 days without breaking resistance, close the trade and wait for new opportunities.
💡 Disclaimer:
This is not financial advice—just an educational post sharing my ideas and thoughts. Always conduct your own research and consult a financial advisor before making any investment decisions.
Feel free to reach out with questions or feedback. Trade smartly and stay disciplined! 🚀✨
AVAX has recently bounced off a strong support level on the 4-hour timeframe, with the RSI showing oversold conditions. Additionally, increased on-chain activity and growing adoption of Avalanche’s subnets suggest heightened interest from both retail and institutional investors. These factors indicate a potential bullish movement for AVAX.
📉 Expectations:
We expect AVAX to re-test key resistance levels highlighted in the attached chart. A breakout above these levels could open the door for further upward momentum.
📊 Trading Strategy:
This setup is based on a combination of technical indicators and volume trends, suitable for medium to long-term trades. Always ensure proper margin management and implement sound risk controls to navigate market fluctuations.
🚦 Trading Rules:
1️⃣ Rule 1: Enter the trade only after AVAX crosses above our entry-level (GREEN LINE ON THE CHART).
2️⃣ Rule 2: Once Target 1 is achieved, consider partially closing your position or moving your STOP LOSS to the ENTRY price to protect gains.
3️⃣ Rule 3: Avoid entering new trades based on the same signal after Target 1 is reached.
4️⃣ Rule 4: If AVAX consolidates for over 2 days without breaking resistance, close the trade and wait for new opportunities.
💡 Disclaimer:
This is not financial advice—just an educational post sharing my ideas and thoughts. Always conduct your own research and consult a financial advisor before making any investment decisions.
Feel free to reach out with questions or feedback. Trade smartly and stay disciplined! 🚀✨
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.
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.