Lingrid | AVAXUSDT long from the bottom of the RANGE zone

The price perfectly fulfilled my previous idea. It hit the target level. AVAXUSDT has rolled back towards the support level, where it has been bouncing off the zone between 30-31, forming a consolidation area also known as an accumulation phase. As we can see, the price is currently testing the bottom of this range, which suggests that it may be poised to move up to the top of the range. On the daily timeframe, we can observe that price action has created a few doji candles, indicating a loss of momentum as it approaches the support level. I think that the price may drop slightly before establishing new higher lows. My expectation is that the price will retest the middle of this significant consolidation zone, which has been respected many times in the past. My goal is the resistance zone around 36.


Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻