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AlmaClub
Mar 14, 2024 1:30 PM

Avax Long idea @ 54.44 Long

AVAX / US DollarBinance

Description

AVAX broke above 50's (Wave 1 from 9'ish lows) and opend the room for a wave 3 with a minimum extension to the 68 area. From 27 (Wave 2 ) it is developing a 5 waves structure to the upside that could reach 63 area before a bigger pullback happens. Actual retracement should reach 23.6-38.2% of waves 2 so we try to jump in wave five with the following setup: Open @ 54.44; T1 @ 56.23; T2 @ 64; SL @ 51.60

Trade closed: stop reached

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