Potential falling wedge formation on daily for the AVAXUSDT pair on Binance. I will be looking for a breakout confirmation above the horizontal resistance to open longs, around $38.5 probably. The falling wedge can result in a solid upside reversal with first target around the previous ATH and the second at $86 or 150 percent from the current price level.
I would close 70% of the position above the first target and leave the rest to fly towards Target 2.
Just wait for the market to settle and don't chase or buy tops
Regards
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We are on the move. LONG position opened
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AVAX is really struggling to continue with the upward movement, but at least it is stable above the horizontal resistance, so I hope it turns to support