P_S_trade

AVAXUSDT 1D Medium-term trade - our target $30

Long
P_S_trade Updated   
WHITEBIT:AVAXUSDT   Avalanche / Tether US
We are already forming a series of ideas on the AVAXUSDT trading pair.
We published the last of them a week ago.
During the week, our assumptions are confirming that the AVAXUSDT trading pair is currently consolidating with a set of long positions. The trading delta shows the superiority of purchases over sales in the period from 06/26 to 07/13
Also, for almost a month, the Avax price has been consolidating above the critical support level above $15.

Such input data for Avalanche token price gives the right to enter a medium-term trade:
Entrance $16.50
Stop $14.54 (-12%)
TP1 (50% position) - $26.74 (+62%)
TP2 (50% position) - $29.94 (+82%)
P/L ratio 7/1

Fixing the AVAXUSD price below 15 dollars paves the way for the price to fall to the region of 12 dollars.

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Trade closed: target reached:
TP1 and TP2 reached +72% profit on position

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