Avax It can be a good buy position for several reasons:
1. It has recently broken a long-term downtrend line and stabilized above it.
2. In the lower time frame, it broke the triangle created after the first breakout.
3.Action The probability of a second bullish breakout is high
4. It breaks several important origins in daily time
5. It is approximately close to the support lines of its long-term channel
First Profit Limit: 98.6
Second Profit Limit: 109.1
Loss Limit: 82
1. It has recently broken a long-term downtrend line and stabilized above it.
2. In the lower time frame, it broke the triangle created after the first breakout.
3.Action The probability of a second bullish breakout is high
4. It breaks several important origins in daily time
5. It is approximately close to the support lines of its long-term channel
First Profit Limit: 98.6
Second Profit Limit: 109.1
Loss Limit: 82
Trade closed manually
One targets were touched and closed risk free
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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.