avax short or long swing trade awaiting conformation

31 ott 2024

i've drawn out the s/r of the high timeframes and gave them a label, as u probably know, high timeframes s/r always give a stronger reaction, also the thinner yellow lines are the smaller TF s/r, so i suggest to closely watch this setup and make ur trade accordingly to the conformation the market gives us, tp's are the yellow lines

3 nov 2024

Nota

the AVAX short setup played out perfectly, hitting our downside target at the yellow support level of $22.765. Starting from the high-timeframe S/R level at $24.66, price dropped as anticipated, resulting in a successful short trade.

Result:

Profit: A gain of 7.5% unleveraged from entry to target.
We’ll monitor price action around this support to see if it holds or if there’s potential for further downside