AVAX is clearly in a downtrend, creating clean impulsive and corrective legs. I marked the 15-minute OB along with a refined 3-minute OB.
The refined OB gives the highest probability setup, as it aligns perfectly with the overall bearish structure and the trendline.
Now we just wait to see how price reacts when it taps into that zone.
Trade setup
Entry: 15.977
Stop Loss: 16.080
Take Profit: 15.875
Risk–Reward: 1:1
I’ve used both SMC and price action to build this setup. Let’s see how it plays out.
The refined OB gives the highest probability setup, as it aligns perfectly with the overall bearish structure and the trendline.
Now we just wait to see how price reacts when it taps into that zone.
Trade setup
Entry: 15.977
Stop Loss: 16.080
Take Profit: 15.875
Risk–Reward: 1:1
I’ve used both SMC and price action to build this setup. Let’s see how it plays out.
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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.
Disclaimer
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.