EthanTW

AVAX - Great reward/risk ratio with this strategy

Long
BYBIT:AVAXUSDT   AVAXUSDT SPOT
AVAXUSDT
1H trend chart
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AVAX just met the condition of Vegas tunnel for entry(blue arrow).
With this scenario, our SL will be set at previous low, and can expect good targets to take profit.
Trading strategy as below.
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Profit Targets:
a) 117.36----Fib(1)
b)128.740~133.345----Fib(1.272~1.382)
c) 143.220----Fib(2)

Stop losses:
a) 101.055-----Red horizontal ray
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