🔻 On the 30-minute timeframe, AVAX is approaching the $36 level. If the price reaches this zone and is rejected with a strong momentum candle, there’s a high probability of completing a Harmonic Gartley pattern, which could push the price towards the $30 level.
🔻 If the price reaches $30 and fails to show strong support, the next potential target would be the $27 support zone. This scenario presents a lower-risk opportunity for a short entry.
⚠️ Note: This signal goes against the prevailing uptrend and is considered a higher-risk trade. If the identified trendline breaks, entering a short position would be less risky.
💡 While this is a short setup, remember that we’re still in an overall uptrend. Any of the mentioned support zones could present excellent buying opportunities later on. Be sure to assess the strength of support at each level carefully.
📝 Proper risk management and stop-loss placement are crucial for this position.
🔻 If the price reaches $30 and fails to show strong support, the next potential target would be the $27 support zone. This scenario presents a lower-risk opportunity for a short entry.
⚠️ Note: This signal goes against the prevailing uptrend and is considered a higher-risk trade. If the identified trendline breaks, entering a short position would be less risky.
💡 While this is a short setup, remember that we’re still in an overall uptrend. Any of the mentioned support zones could present excellent buying opportunities later on. Be sure to assess the strength of support at each level carefully.
📝 Proper risk management and stop-loss placement are crucial for this position.
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Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.