AVAX / TetherUSLong
Avax breakout
Triangle with resistance at $67.
Longed at $68.7 with a risk reward of 3.8 and a stop loss of -11% below the lowest low of the structure (break in market structure).
Possible scenarios: breakout to the upside from here (weekend) to target $74 (previous SR) either reaction before or after breakout with a retest
breakout to the downside if BTC corrects on Monday: possible due to market conditions worsening and S&P continuing its slide
Longed at $68.7 with a risk reward of 3.8 and a stop loss of -11% below the lowest low of the structure (break in market structure).
Possible scenarios: breakout to the upside from here (weekend) to target $74 (previous SR) either reaction before or after breakout with a retest
breakout to the downside if BTC corrects on Monday: possible due to market conditions worsening and S&P continuing its slide
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