AVAX / TetherUSUpdated AVAXUSDT wants the liquidity?
AVAXUSDTis forming a massive Pennant formation between daily structures.
The price of AVAXUSDT has been consolidating in a tight range, forming a triangular pattern, with decreasing volume over the past few weeks. This indicates that the market is waiting for a decisive breakout.
However, it is important to note that the price may create a false breakout and grab new liquidity from the $16 area before continuing its upward trend.
Given this scenario, traders should remain vigilant and apply their Plancton's rules to manage risk effectively. It is crucial to monitor the $16 level closely as it is a key support zone that may influence the direction of the price.
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Follow the Shrimp 🦐
Keep in mind.
The price of AVAXUSDT has been consolidating in a tight range, forming a triangular pattern, with decreasing volume over the past few weeks. This indicates that the market is waiting for a decisive breakout.
However, it is important to note that the price may create a false breakout and grab new liquidity from the $16 area before continuing its upward trend.
Given this scenario, traders should remain vigilant and apply their Plancton's rules to manage risk effectively. It is crucial to monitor the $16 level closely as it is a key support zone that may influence the direction of the price.
–––––
Follow the Shrimp 🦐
Keep in mind.
- 🟣 Purple structure -> Monthly structure.
- 🔴 Red structure -> Weekly structure.
- 🔵 Blue structure -> Daily structure.
- 🟡 Yellow structure -> 4h structure.
- ⚫️ Black structure -> <= 1h structure.
Note
10% 
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