No brainer long on avax.
Small bullish harmonic but price contraction means incoming volatility.
Day over day seller exhaustion. and target for retrace is at minimum 50% which is 5:1 R/R +22% / - 4.44%
Sure stop loss is tight but it can be 5% as well. I just like the golden ratio of 4.44.
{#AVAX
AVAX #AVALANCHE}
[#CRYPTO #CRYPTOCURRENCY #SAGECHARTS]
Small bullish harmonic but price contraction means incoming volatility.
Day over day seller exhaustion. and target for retrace is at minimum 50% which is 5:1 R/R +22% / - 4.44%
Sure stop loss is tight but it can be 5% as well. I just like the golden ratio of 4.44.
{#AVAX
AVAX #AVALANCHE}[#CRYPTO #CRYPTOCURRENCY #SAGECHARTS]
Note
update: this one is a losing trade guys however I will keep my eye on it. I know we are probably in a bear market but some things are reaching levels where the R:R is worth the try
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.