EthanTW

AVAX - Great reward/risk ratio with this strategy

Long
BYBIT:AVAXUSDT   AVAXUSDT SPOT
AVAXUSDT
1H trend chart
-
AVAX just met the condition of Vegas tunnel for entry(blue arrow).
With this scenario, our SL will be set at previous low, and can expect good targets to take profit.
Trading strategy as below.
-
Profit Targets:
a) 117.36----Fib(1)
b)128.740~133.345----Fib(1.272~1.382)
c) 143.220----Fib(2)

Stop losses:
a) 101.055-----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!

🌔Signal channel: t.me/tradingdiary_cat
🌕Discussion group: t.me/rextalkcrypto
✨Bybit sign up: www.bybit.com/register?affiliate_id=12787&group_id=36093&group_type=1
💡Sign up through link
→Join Teaching Group for free!(PM me)
Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.