After breaking the key resistance zone at $26.60, AVAX surged strongly, reaching a high of $36.60 in one decisive leg up.
Now, the price is pulling back to confirm the breakout, approaching the previous resistance, which could now act as support.
This area represents a confluence zone, aligning with the rising trendline from June, and may serve as a strong accumulation level for bulls preparing for the next upward leg.
From a risk/reward perspective, this setup is also attractive, offering an estimated 1:4 ratio — a solid structure for a technical long entry.
I’m looking to buy around this zone, with expectations for a continuation toward new highs once confirmation appears. 🚀
Now, the price is pulling back to confirm the breakout, approaching the previous resistance, which could now act as support.
This area represents a confluence zone, aligning with the rising trendline from June, and may serve as a strong accumulation level for bulls preparing for the next upward leg.
From a risk/reward perspective, this setup is also attractive, offering an estimated 1:4 ratio — a solid structure for a technical long entry.
I’m looking to buy around this zone, with expectations for a continuation toward new highs once confirmation appears. 🚀
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
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.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
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.