There is good Opportunity for longing of AVAX in the area of 50 % and 60% Fib retracement level.
The reasons for this trade:
1- Clear break out of Resistance level with with good volume.
2- The has become above the 200MA of 4 hrs.
3- The Feb levels is making confluence with retest of resistance level.
Entry points are: $14.5 and $14
Stop loss: $13.5
Target : $20
The reasons for this trade:
1- Clear break out of Resistance level with with good volume.
2- The has become above the 200MA of 4 hrs.
3- The Feb levels is making confluence with retest of resistance level.
Entry points are: $14.5 and $14
Stop loss: $13.5
Target : $20