🔥 AVAX 1H Triangle Formation - Short Then Long🔥 AVAX 1H Triangle Formation - Brief Short Opportunity Followed by a Strong Long Play to $30! 🚀
Hello Traders! Today, I've closely examined the latest developments in AVAX and have identified an exciting opportunity to share with you. 📈
✨ Brief Short Opportunity:
On the 1-hour timeframe, AVAX has formed a classic triangle pattern. This formation often indicates periods of consolidation and uncertainty, usually signaling an impending trend shift. With the breakdown of the triangle's lower boundary, we could see a brief bearish movement. This presents an ideal entry point for a short-term short position.
📉 Entry Point: $22.0
🎯 Target: $18.3
🛑 Stop-Loss: $24.7
✨ Subsequent Long Opportunity:
Following the short position, I anticipate a strong bullish trend in AVAX. Technical indicators and market dynamics are pointing towards a robust long opportunity, potentially reaching at least $30, following a breakout above .
📈 Entry Point: $18.3
🎯 Target: At least $30
🛑 Stop-Loss: $16.5
🔍 Conclusion:
This is a structure that offers both a brief bearish trend and a subsequent strong bullish opportunity. Remember, every trading strategy involves risk, and always consider your own risk management.
