AVAXUSDT - After a big correction, short-term TP you can set

AVAXUSDT
1H trend chart
-
AVAX fell to Fib 0.382 while a big correction yesterday.
It is obvious that price got support at Fib 0.382 and Vegas tunnel 576/676 ema in 1H time frame.
And it is resisting from a short-term downtrend line now.
If price can break out the downtrend line without long upper shadow line, trading strategy as below.
-
Profit Targets:
a) 112.865----Consider this unstable market, we set an optional TP
b) 121.095----Fib(0.618)
c) 129.6----Blue horizontal ray
d) 147.73----Fib(1)

Stop losses:
a) 101.12-----Red horizontal ray
-
If you like this analysis, smash the "like button" and leave a comment below to share your thoughts
or let me know what crypto you want to see!

Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!