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FieryTrading
Jun 21, 2023 4:36 PM

🔥 AVAX Bear Market Lows Are In: Double Bottom Long

AVAX / TetherUSBinance

Description

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AVAX has recently made a new bear-market low, but only by a couple of percent during a sell-off wick. This trade assumes that the 10.00 low will be the bear-market low, which means that the only way forward is to go up.

Target for the long-term (think 1-2 years) is the current all-time high, which also gives a great risk reward of ~46.

You can take partial profits around 30.00 and 52.00 if you're more risk averse.
Comments
elgazal
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very accurate. you forgot to mention the huge divergence on the weekly frame
InkyGrip
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I also have the same opinion on AVAXUSDT
ArmanShabanTrading
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nailed it!
DeGRAM
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Thank you for sharing
MonoCoinSignal
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Great work! Helpful guidance for traders.
nickss
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love this
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