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Avalanche (AVAX) - November 22

readCrypto Mod Updated   
BINANCE:AVAXUSD   AVAX
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(AVAXUSD 1W Chart) - Medium to Long-Term Perspective
Above the 43.7108730 point: Expected to create a new wave.


Don't assume that you need to know how far it will rise so you can maximize your profits by selling then.

This thought can cause you to stop selling at the time you realize a profit.

Take profit is to make the mental state stable by selling in installments when there is a change in one's psychological state (anxiety, nervousness, exultation, hope circuit, etc.) as the price rises.

In addition, you can realize profits according to your investment period.


Usually, when you trade, you want to sell 100% to confirm your profit.
Once you have established a profit, you should not buy again until the price drops.

However, if the price continues to rise, you will often end up at a loss by buying again.

Therefore, it is necessary to calculate the purchase principal rather than selling 100% and sell the same amount of the purchase principal in installments to recover the investment and retain the amount of tokens corresponding to the profit so that the profit can be regenerated.

(In short-term trades, it is recommended to sell 100% to secure profits.)

The average unit price of tokens for revenue is 0.
Therefore, I think it is advantageous for additional transactions because the psychological burden will be reduced in future transactions.


(1D chart)
It is important to keep the price above the 70.0898075 point to sustain this uptrend.

Therefore, if it falls from the 70.0898075 point, Stop Loss is required to preserve profit and loss.

However, it is possible to touch near the 43.7108730 point and rise, so you need to think about how to deal with it.

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(AVAXBTC 1W Chart)
Above 0.0004889-0.0007164 section: expected to continue upward trend

0.0012-0.0014834 or higher: Expected to create a new wave.

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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.

The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.

Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.

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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly as price and volume move.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not yet been released.
(Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying the formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.

(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)

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Comment:
(AVAXUSDT 1D chart)

[Example of exchange chart setup]

(Binance)
www.tradingview.com/x/S94aDxa8

(Upbit)
www.tradingview.com/x/DF6cGh3G/
Disclaimer

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