AVAX - Daily Chart Analysis - A Short Term Opportunity

12 thg 8, 2024

#AVAX/USDT #Analysis
Description
---------------------------------------------------------------
+ AVAX has formed a nice falling wedge pattern and also the price has hit the major support zone.
+ A clear breakout from the falling wedge is required for a confirmed bullish trend.
+ We will enter the long trend only after the confirmed breakout from the falling wedge.
---------------------------------------------------------------
VectorAlgo Trade Details
------------------------------
Entry Price: 23.86
Stop Loss: 16.86
------------------------------
Target 1: 29.92
Target 2: 35.25
Target 3: 43.69
Target 4: 62.57
------------------------------
Timeframe: 1D
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
---------------------------------------------------------------
Enhance, Trade, Grow
---------------------------------------------------------------
Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.

Best Regards,
VectorAlgo

11 thg 9, 2024

Ghi chú

Price is moving strong