AVAX shows a powerful impulsive surge after bouncing off the $7,000 level — can the price break through $7,600 and reach the August highs?
$AVAX /USDT - 🟢 LONG · Conf 85%
Trading plan:
• Entry zone: 7,300 – 7,480
• SL: 7,180
• TP1: 7,600
• TP2: 7,730
• TP3: 7,950
Why this specific setup?
• A bright impulsive breakout of all key moving averages EMA (7: 7,400, EMA 25: 7,292, EMA 99: 7,256) on the 1h chart with confident price confirmation above $7,450.
• Dense liquidation cluster of short positions on the heatmap in the $7,60–$7,85 range, acting as a powerful magnet for price movement.
• Noticeable increase in buying volume (VOL) after the formation of a local bottom at $7,000.
• Favorable risk-to-profit ratio, with a stop-loss set below the dynamic support level EMA25 ($7,286).
Will there be enough volume to storm the resistance at $7,608 and hold above $7,700?
⚠️ Analysis is for informational purposes only. NFA — manage your risk and DYOR.
$AVAX /USDT - 🟢 LONG · Conf 85%
Trading plan:
• Entry zone: 7,300 – 7,480
• SL: 7,180
• TP1: 7,600
• TP2: 7,730
• TP3: 7,950
Why this specific setup?
• A bright impulsive breakout of all key moving averages EMA (7: 7,400, EMA 25: 7,292, EMA 99: 7,256) on the 1h chart with confident price confirmation above $7,450.
• Dense liquidation cluster of short positions on the heatmap in the $7,60–$7,85 range, acting as a powerful magnet for price movement.
• Noticeable increase in buying volume (VOL) after the formation of a local bottom at $7,000.
• Favorable risk-to-profit ratio, with a stop-loss set below the dynamic support level EMA25 ($7,286).
Will there be enough volume to storm the resistance at $7,608 and hold above $7,700?
⚠️ Analysis is for informational purposes only. NFA — manage your risk and DYOR.
