AVAX has reached the weekly support zone.
The structure is still bearish, but there is an expectation that enough buy orders exist in this area to create a bullish substructure.
One resistance base ahead of the price has already been consumed, and above that base, there is a liquidity pool that may get swept.
Targets are marked on the chart.
A daily candle close below the invalidation level will invalidate this analysis.
invalidation level : 11.09$
Do not enter the position without capital management and stop setting
Comment if you have any questions
thank you
The structure is still bearish, but there is an expectation that enough buy orders exist in this area to create a bullish substructure.
One resistance base ahead of the price has already been consumed, and above that base, there is a liquidity pool that may get swept.
Targets are marked on the chart.
A daily candle close below the invalidation level will invalidate this analysis.
invalidation level : 11.09$
Do not enter the position without capital management and stop setting
Comment if you have any questions
thank you
Trade active
More than 32% of our entry zone was reached, and TP1 was hit.
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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.
🔥 See hot signals and top analyzes on our free Telegram channel: 👉 t.me/iMoney_T
🔥 Profitable signals are only posted on our free Telegram channel: 👉 t.me/iMoney_T
🔥 Profitable signals are only posted on our free Telegram channel: 👉 t.me/iMoney_T
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.