AVAX/USDT Technical Analysis (4H Chart)
- Resistance Zone: $21.76 - $23.13 is a key resistance area where price previously faced selling pressure.
- Support Zone: The $15.90 level acts as strong support, marking a potential downside target.
- Trade Setup: Price is currently in an uptrend but approaching a resistance area. A rejection from this zone could lead to a drop toward support.
- Risk Management: A short position from resistance with a stop-loss above $23.13 and a take-profit near $15.90 offers a favorable risk-reward ratio.
A breakout above resistance could invalidate the bearish outlook.
Don't forget to hit the like button & share your thoughts in comment section.
- Resistance Zone: $21.76 - $23.13 is a key resistance area where price previously faced selling pressure.
- Support Zone: The $15.90 level acts as strong support, marking a potential downside target.
- Trade Setup: Price is currently in an uptrend but approaching a resistance area. A rejection from this zone could lead to a drop toward support.
- Risk Management: A short position from resistance with a stop-loss above $23.13 and a take-profit near $15.90 offers a favorable risk-reward ratio.
A breakout above resistance could invalidate the bearish outlook.
Don't forget to hit the like button & share your thoughts in comment section.
Dagangan aktif
Nota
After manipulation, price is dropping towards our target zone. Nota
Dagangan ditutup: sasaran tercapai
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t.me/FxInsightsHub0
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Penerbitan berkaitan
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.