FieryTrading

🔥 AVAX Bullish Price Action

Long
BINANCE:AVAXUSDT   AVAX / TetherUS
AVAX, like most other crypto's, is seeing a strong bullish move this morning. This move is started by Bitcoin, which is likely started by the stimulus package which got approved earlier in the US.

Before entering this trade wait for the price to close above the Entry line. Higher time frames yield a higher predictive power.

On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs and round numbers. Do your own due diligence.

Happy trading!

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