Long AVAX
Updated
Targeting $60 with profits along the way. Neckline on this Cup and Handle pattern has been broken and we have a good entry price here at $42. SL will be just below $40 with a rrr of 5.8.
Note
Taking some profit and raising SL's to just above break-evenNote
Traders,AVAX has hit another resistance level, 55.52. Exactly where I pulled more out! This is more proof as to why it is important to have your levels drawn out. I am still amazed by technical precision even after doing this for so many years.Here’s the plan going forward. I have raised my stops on this trade to that 43.32 level below. This puts us all in the profit on this trade regardless of what happens next. If we drop back down to that 49.81 level, I’ll re-enter what I have just pulled out for profit. If we don’t, I continue to trail my stops on the way up until I am stopped out.
Congrats on the 47% profit to those who followed me in this trade!
Stew
Trade closed: target reached
Traders,This was a great little trade. In just 13 days we were able to bank 70% profit. I sold my remaining holdings at nearly $64. If I were to re-enter AVAX, I’d look to do this at around $43-$49.
Congrats to those who followed me here!
Stew
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Prophesying the price action of markets one chart at a time.
Crypto predictions, targets, how-tos, and much, much more!
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