AVAX has been taking a serious hit lately, but it’s starting to show signs of an oversold bounce. To be honest, if it can hold this level, there’s a decent chance for a short-term bullish play.
However, whether this bounce can sustain really hinges on that support level below. If it holds, we can expect buy orders to gradually get filled, with the target being to push towards the upper resistance zone. The flip side is, if it breaks that support, we need to be cautious.
Right now, this range is a pretty sweet spot to enter, with a tight stop loss, and the risk-reward ratio looks decent. If you’re looking to gamble on a bounce, give it a shot, but don’t go too heavy on your position.
Strategy:
Entry Price: 5.85-5.95
Stop Loss: 5.68
Take Profit:
TP1: 6.15,
TP2: 6.35,
TP3: 6.64,
#AVAX #交易信号 #contract
However, whether this bounce can sustain really hinges on that support level below. If it holds, we can expect buy orders to gradually get filled, with the target being to push towards the upper resistance zone. The flip side is, if it breaks that support, we need to be cautious.
Right now, this range is a pretty sweet spot to enter, with a tight stop loss, and the risk-reward ratio looks decent. If you’re looking to gamble on a bounce, give it a shot, but don’t go too heavy on your position.
Strategy:
Entry Price: 5.85-5.95
Stop Loss: 5.68
Take Profit:
TP1: 6.15,
TP2: 6.35,
TP3: 6.64,
#AVAX #交易信号 #contract