AVAXUSD trade ideas
AVAXUSD (1H) - Bearish wave LTFHi Traders
AVAXUSD (1H Timeframe)
A Med-High probability, entry signal to go SHORT will be given with the downward break of 15.85 after the market found resistance at 16.30. Only the upward break of 16.30 would cancel the bearish scenario.
Trade details
Entry: 15.85
Stop loss: 16.30
Take profit 1: 15.18
Take profit 2: 14.70
Score: 7
Strategy: Bearish wave LTF
avax local |$19a ton of fairly good setups out there. continue looking for the high beta plays.
from a macro perspective, if we get this zone as the swing low, avax should run much higher..
but from a local perspective, we think $19 is a conservative 10% target where we'll likely start to see some turbulence.
AVAX, having info on competitors not necessarily bad... Opinion:
Short term trade. TP1 at 25$! :)
Each level L1-L3 (S1-S3) and TP1-TP3 has a deployment percentage. The idea is to flag these levels so I can buy 11% at L1 , 28% at L2 and if L3 deploy 61% of assigned dry powder. The same in reverse goes for TP. TP1: 61%, TP2:28% and TP3:11%. If chart pivots between TP's and L's these percentages are still respected. I like to use the trading range to accumulate by using this tactic.
Just my personal way of using this. This is not intended or made to constitute any financial advice.
This is not intended or made to constitute any financial advice.
FED Macro Situation Consideration:
All TP's are drawn within the context of a return to FED neutral policy. I do not expect these levels to be reached before tightening is over.
NOT INVESTMENT ADVICE
I am not a financial advisor.
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