AVAX has rallied nearly +23% since our last trade idea and is now facing strong resistance. The move has been sharp, but price is showing signs of exhaustion here, and we expect a pullback before any further upside. This creates a solid opportunity to position for the next wave.
🔍 We're targeting a long spot entry around $13.30, which lines up with a previous support zone. This level offers a good risk/reward window, especially with confirmation from past price structure.
📌 Trade Plan:
Long Entry: ~$13.30
Take Profit Targets: $15.00 – $17.10, $18.50 – $21.00
Stop Loss: Below $12.70
🔍 We're targeting a long spot entry around $13.30, which lines up with a previous support zone. This level offers a good risk/reward window, especially with confirmation from past price structure.
📌 Trade Plan:
Long Entry: ~$13.30
Take Profit Targets: $15.00 – $17.10, $18.50 – $21.00
Stop Loss: Below $12.70
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Related publications
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.