After breaking the key resistance zone at $26.60, AVAX surged strongly, reaching a high of $36.60 in one decisive leg up.
Now, the price is pulling back to confirm the breakout, approaching the previous resistance, which could now act as support.
This area represents a confluence zone, aligning with the rising trendline from June, and may serve as a strong accumulation level for bulls preparing for the next upward leg.
From a risk/reward perspective, this setup is also attractive, offering an estimated 1:4 ratio — a solid structure for a technical long entry.
I’m looking to buy around this zone, with expectations for a continuation toward new highs once confirmation appears. 🚀
Now, the price is pulling back to confirm the breakout, approaching the previous resistance, which could now act as support.
This area represents a confluence zone, aligning with the rising trendline from June, and may serve as a strong accumulation level for bulls preparing for the next upward leg.
From a risk/reward perspective, this setup is also attractive, offering an estimated 1:4 ratio — a solid structure for a technical long entry.
I’m looking to buy around this zone, with expectations for a continuation toward new highs once confirmation appears. 🚀
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Publicações relacionadas
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Publicações relacionadas
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.