$AVAX/USDT 1h (Binance Futures) Adam and Eve double top
Updated
Avalanche broke down locally and is likely to retest 50MA resistance before retracing down!
Originally a DeFi / BSC token, they made their own C-Chain working with PoS and SC, more info on avax.network/
Current Price= 75.289
Sell Entry = 75.436 - 76.822
Take Profit= 72.350 | 69.843 | 67.423
Stop Loss= 79.164
Risk/Reward= 1:1.25 | 1:2.07 | 1:2.87
Expected Profit= +19.84% | +33.04% | +45.76%
Possible Loss= -15.96%
Fib. Retracement= 0.382 | 0.5 | 0.618
Margin Leverage= 4x
Estimated Gain-time=1 week
Originally a DeFi / BSC token, they made their own C-Chain working with PoS and SC, more info on avax.network/
Current Price= 75.289
Sell Entry = 75.436 - 76.822
Take Profit= 72.350 | 69.843 | 67.423
Stop Loss= 79.164
Risk/Reward= 1:1.25 | 1:2.07 | 1:2.87
Expected Profit= +19.84% | +33.04% | +45.76%
Possible Loss= -15.96%
Fib. Retracement= 0.382 | 0.5 | 0.618
Margin Leverage= 4x
Estimated Gain-time=1 week
Trade closed: target reached
TP1 was reached with +19.84% (4x) and +1.25RAvalanche went down as planned at first, after 2 rejections in a row on supply zone.
Now it just regained 50MA support and remaining position got closed with -3.64% (4x) and -0.23R
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.