AVAX is poised for a significant move upwards after breaking out of its recent market structure, with a clear path to higher levels now open. The current price action is suggesting a strong bullish momentum.
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🟢 $AVAX LONG 📈
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📍 Entry Range: $6.9001 – $6.9139
🛑 Stop Loss: $6.6998 (-3.0%)
🎯 TP1: $7.0106 (+1.5%)
🏆 TP2: $7.2524 (+5.0%)
⚡ R/R Ratio: 1:1.7
📊 Confidence: 91%
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This long setup is compelling due to the confluence of key signals, including the break of market structure, volume confirming direction, and the presence of a fair value gap, all of which are aligning at a crucial order block. The structure looks particularly strong with these signals firing in tandem, indicating a high likelihood of continuation. The overlap of the order block and fair value gap adds significant weight to this setup.
A 3.0% stop loss may be considered relatively tight, but given the strong signals and the leverage of 3x, it provides a reasonable risk-reward balance for this trade.
Taking partial profits at the first target point could be a prudent strategy, allowing traders to lock in some gains while still leaving room for the trade to reach its full potential.
Not financial advice — always manage your own risk 🙏
#AVAXUSDT $AVAX #SMC #Write2Earn #Binance
━━━━━━━━━━━━━━━━━━━━━
🟢 $AVAX LONG 📈
━━━━━━━━━━━━━━━━━━━━━
📍 Entry Range: $6.9001 – $6.9139
🛑 Stop Loss: $6.6998 (-3.0%)
🎯 TP1: $7.0106 (+1.5%)
🏆 TP2: $7.2524 (+5.0%)
⚡ R/R Ratio: 1:1.7
📊 Confidence: 91%
━━━━━━━━━━━━━━━━━━━━━
This long setup is compelling due to the confluence of key signals, including the break of market structure, volume confirming direction, and the presence of a fair value gap, all of which are aligning at a crucial order block. The structure looks particularly strong with these signals firing in tandem, indicating a high likelihood of continuation. The overlap of the order block and fair value gap adds significant weight to this setup.
A 3.0% stop loss may be considered relatively tight, but given the strong signals and the leverage of 3x, it provides a reasonable risk-reward balance for this trade.
Taking partial profits at the first target point could be a prudent strategy, allowing traders to lock in some gains while still leaving room for the trade to reach its full potential.
Not financial advice — always manage your own risk 🙏
#AVAXUSDT $AVAX #SMC #Write2Earn #Binance