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GreenCryptoTrades
Mar 11, 2021 6:45 PM

AVAXUSDT(4H CHART) Long

AVAX / TetherUSBinance

Description

AVAXUSDT (4H CHART) Technical Analysis Update

Resistance breakout

AVAX/USDT currently trading at $31.44

Buy-level: $31.40 to $33.00

Stop loss: Below $26.00

Target 1: $43.00

Target 2: $57.00

ALWAYS KEEP STOP LOSS...

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Comments
IoannesM
Stop-loss is dumb. Crypto is the most volatile of financial assets and meets benefits of SL the least. In crypto there are very frequent situations when a coin dumps massively and immediately after that it pumps x-times more.
GreenCryptoTrades
@IoannesM, yes, some times it jumps back immediately and this happens occasionally, what if it doesn't bounce back? are you ready to lose your entire account?
Trading safe is SMART and risking an entire account without stop-loss is DUMB.
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