Yello, Paradisers! Is AVAXUSDT gearing up for a bigger drop? Let’s break it down.
💎AVAXUSDT has turned bearish after breaking below its key support trendline. A Change of Character (CHoCH) confirms the shift to the downside, and right now, the price is rejecting from a critical 4H Fair Value Gap (FVG) and the 200 EMA resistance zone. Adding to the bearish pressure, we also see a 4H bearish divergence, making a downside move highly probable.
💎Moreover, AVAXUSDT is in the process of forming a Head & Shoulders pattern, which increases the risk-to-reward (RR) potential for short trades. On top of that, there’s liquidity resting below, which could act as a magnet, pulling the price further down.
💎However, if the price breaks out and closes a candle above the 200 EMA resistance zone, this bearish outlook will be invalidated. In that case, it’s better to wait for clearer price action before making any moves.
🎖Patience is key, Paradisers. Stick to the strategy, avoid emotional trading, and let the market come to you. The best setups will always present themselves to those who wait!
MyCryptoParadise
iFeel the success🌴
💎AVAXUSDT has turned bearish after breaking below its key support trendline. A Change of Character (CHoCH) confirms the shift to the downside, and right now, the price is rejecting from a critical 4H Fair Value Gap (FVG) and the 200 EMA resistance zone. Adding to the bearish pressure, we also see a 4H bearish divergence, making a downside move highly probable.
💎Moreover, AVAXUSDT is in the process of forming a Head & Shoulders pattern, which increases the risk-to-reward (RR) potential for short trades. On top of that, there’s liquidity resting below, which could act as a magnet, pulling the price further down.
💎However, if the price breaks out and closes a candle above the 200 EMA resistance zone, this bearish outlook will be invalidated. In that case, it’s better to wait for clearer price action before making any moves.
🎖Patience is key, Paradisers. Stick to the strategy, avoid emotional trading, and let the market come to you. The best setups will always present themselves to those who wait!
MyCryptoParadise
iFeel the success🌴
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🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.
Want to trade like a PRO without the 15+ year learning curve?
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.