We can see the purple trendline acting as resistance here, if AVAX manage to break above $50 and close above it, then we go long to $66. On the other hand we might visit $40 or $30 before we bounce and break that purple resistance. Lets see what happens
Entry above $50 Stop loss $40
TP1 54
TP2 55
TP3 58
TP4 61
TP5 64
TP6 66
These are just speculations you can take my advice or technical overview with a pinch of salt. You are welcome to comment to discuss further. Let me know your thoughts.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.