AVAXUSDT - Time to buy?
AVAXUSDT1H trend chart
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AVAX just broke out the downtrend line, and even took out the neckline of double bottom(blue zone) in 1H chart right now.
There are lots resistance around the neckline.
So if price can stand firm at 90.015 w/o wicks top, trading strategy as below.
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Profit Targets:
a) 93.285~94.605----Fib(1.272~1.382)
b) 96.025----Fib(1.5)
c) 102.030----Fib(2)
Stop losses:
a) 87.615-----Red horizontal ray
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Penafian
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