$AVAX/BTC 12h (#BinanceMargin) Head and Shoulders break & retest

Avalanche is pulling back toward 100EMA resistance where we expect a rejection leading to more downtrend.

Current Price= 0.0019269
Sell Entry= 0.0019224 - 0.0019814
Take Profit= 0.0017377 | 0.0016226 | 0.0014921
Stop Loss= 0.0021054

Risk/Reward= 1:1.4 | 1:2.15 | 1:3
Expected Profit= +21.94% | +33.74% | +47.12%
Possible Loss= -15.72%

Fib. Retracement= 0.702 | 0.883 | 1.117
Margin Leverage= 2x
Estimated Gain-time= 5 weeks

Tags: #AVAX #AVAXBTC #AvaxNetwork #AvaLabs #PoS #SC #DApp #DeFi #BSC #Gaming $WAVAX

Websites: avax.network avalabs.org

Trade active:

all entries filled

#Avalanche got rejected on the TL bearish retest as planned and is already going down nicely.

Trade closed: target reached:

TP1 reached with +21.94% (2x) and +1.4R

#Avalanche got rejected a last time before retracing down as expected, nice accuracy!
Don't forget to partially Take Profit and move SL to highest entry (0.0019814)

Trade closed manually:

Remaining position closed with -3.02% (2x) and -0.19R

#Avalanche suddenly bounced back and regained 100EMA, we are out for now!