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.
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- 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.
Trade active
Note
After manipulation, price is dropping towards our target zone. Note
Trade closed: target reached
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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.
💸FREE FOREX Signals in Telegram : t.me/SOAMPROTRADER
🔹Join Our Telegram Channel, Pure Price Action Based Signals With Chart Analysis.
t.me/SOAMPROTRADER
🚀FREE CRYPTO Signals In Telegram: t.me/SOAMPROTRADER
🔹Join Our Telegram Channel, Pure Price Action Based Signals With Chart Analysis.
t.me/SOAMPROTRADER
🚀FREE CRYPTO Signals In Telegram: t.me/SOAMPROTRADER
Related publications
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.