AVAX is poised for a downward move after breaking a key market structure level, presenting a shorting opportunity. The current price action suggests a potential reversal is underway.
🔴 $AVAX SHORT 📉 — Trade Plan
• Entry: $6.3886 – $6.4014
• Stop: $6.5869 (-3.0%)
• Target 1: $6.2991 (+1.5%)
• Target 2: $6.0752 (+5.0%)
• R/R 1:1.7 | Confidence 65%
This setup is compelling due to the confluence of signals including a clear market structure break, volume confirming direction, and the presence of a fair value gap, all of which are overlapping with a significant order block. The combination of these factors indicates a high likelihood of a move downwards. The structure suggests that AVAX has broken out of a crucial zone, which now acts as resistance.
A 3.0% stop loss seems relatively tight but manageable with appropriate leverage, suggesting a fit for traders who can handle a moderate risk profile.
Taking partial profits at the first target point could be wise, allowing traders to lock in some gains while the trade is still in favor, before potentially letting the remainder of the position ride to further targets.
Not financial advice — trade only what you can afford to lose 🙏
$AVAX #AVAXUSDT #USMarkets #TradingSignals #Write2Earn
🔴 $AVAX SHORT 📉 — Trade Plan
• Entry: $6.3886 – $6.4014
• Stop: $6.5869 (-3.0%)
• Target 1: $6.2991 (+1.5%)
• Target 2: $6.0752 (+5.0%)
• R/R 1:1.7 | Confidence 65%
This setup is compelling due to the confluence of signals including a clear market structure break, volume confirming direction, and the presence of a fair value gap, all of which are overlapping with a significant order block. The combination of these factors indicates a high likelihood of a move downwards. The structure suggests that AVAX has broken out of a crucial zone, which now acts as resistance.
A 3.0% stop loss seems relatively tight but manageable with appropriate leverage, suggesting a fit for traders who can handle a moderate risk profile.
Taking partial profits at the first target point could be wise, allowing traders to lock in some gains while the trade is still in favor, before potentially letting the remainder of the position ride to further targets.
Not financial advice — trade only what you can afford to lose 🙏
$AVAX #AVAXUSDT #USMarkets #TradingSignals #Write2Earn