AVAX Long

179
Rationale:
  • Bullish Divergence: 1D MACD shows a classic bullish divergence. Price is making lower lows, while MACD is forming higher lows. This suggests weakening bearish momentum and potential for a bullish reversal.
  • Demand Zone + Order Block (OB): Current price action is within a previously identified Demand Zone, an area of historical buying pressure. This zone overlaps with an Order Block, further reinforcing the potential for strong support and a bullish bounce.
  • Trend Change: The CHOCH indicator has recently transitioned from a downtrend to an uptrend. This confirms a shift in market sentiment and increases the probability of further upward price movement.


NOTE: In this position as you can see the RRR is 8:1. You can extend the SL for more safety.

Warning: Don't follow this trade set-up unless you can afford to lose.

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.