AVAX/USDT Technical Analysis (4H Chart)
- Resistance Zone: $21.76 - $23.13 is a key resistance area where price previously faced selling pressure.
- Support Zone: The $15.90 level acts as strong support, marking a potential downside target.
- Trade Setup: Price is currently in an uptrend but approaching a resistance area. A rejection from this zone could lead to a drop toward support.
- Risk Management: A short position from resistance with a stop-loss above $23.13 and a take-profit near $15.90 offers a favorable risk-reward ratio.
A breakout above resistance could invalidate the bearish outlook.
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- Resistance Zone: $21.76 - $23.13 is a key resistance area where price previously faced selling pressure.
- Support Zone: The $15.90 level acts as strong support, marking a potential downside target.
- Trade Setup: Price is currently in an uptrend but approaching a resistance area. A rejection from this zone could lead to a drop toward support.
- Risk Management: A short position from resistance with a stop-loss above $23.13 and a take-profit near $15.90 offers a favorable risk-reward ratio.
A breakout above resistance could invalidate the bearish outlook.
Don't forget to hit the like button & share your thoughts in comment section.
Trade attivo
Nota
After manipulation, price is dropping towards our target zone. Nota
Trade chiuso: obiettivo raggiunto
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Pubblicazioni correlate
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.