The key is whether it can find support at 24.59 and rise

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(AVAXUSDT 1M chart)

The key is whether the price can be maintained by rising above the M-Signal indicator on the 1M chart.

Accordingly, we need to see whether the price can be maintained by rising above 27.47.

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(1W chart)

The important support and resistance range is the 38.93-51.54 range.

Therefore, even if the price is maintained by rising above the M-Signal indicator on the 1M chart, the uptrend can begin only if it rises above the 38.93-51.54 range.

If it falls, we need to see whether it can be supported near the volume profile range of 6.54-13.47.

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(1D chart)

When it breaks upward around 28.67, it is expected that a breakout trade will be possible.

However, since an important support and resistance section is formed over the 38.93-51.54 section, a response is needed depending on whether there is support in this section.

Therefore, the key is whether it can be supported and rise around 24.59.

If not, it is necessary to check whether it is supported around 17.54-19.79.

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The basic trading strategy is to buy when supported by the HA-Low indicator and sell when it meets the HA-High indicator.

However, if it is supported and rises near the HA-High indicator, it is likely to show a stepwise upward trend.

On the other hand, if it is resisted and falls near the HA-Low indicator, it is likely to show a stepwise downward trend.

Therefore, since it is currently located near the HA-High indicator, it can be seen that trading is possible depending on whether there is support.

However, since the probability of falling is higher than the probability of rising in the HA-High indicator, you should be careful about the investment ratio.

Otherwise, you may end up buying at the high point.

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Thank you for reading to the end.
I hope you have a successful trade.

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- ​​Here is an explanation of the big picture.

(3-year bull market, 1-year bear market pattern)

(3-year bull market, 1-year bear market pattern)

I will explain the details again when the bear market starts.

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