$AVAX - LONG Configuration
The buying activity is clearly present across all timeframes: the 30-minute chart remains above the EMA34 and EMA89 moving averages, while the 1-hour chart confirms the bullish trend. This alignment is important because short-term buyers are not going against the broader trend; they are following its movement. I would monitor the 10.96 level as the trigger threshold for this strategy. What would make me change my mind is a close on the 30-minute chart moving back below the EMA34 and EMA89 moving averages, which would break the alignment I’m currently observing.
Entry: 10.94 - 10.96
Stop-loss: 10.77
Take-profit: 11.14 - 11.32 - 11.43
⚠️ Personal market analysis, not investment advice. Do your own research (DYOR).
The buying activity is clearly present across all timeframes: the 30-minute chart remains above the EMA34 and EMA89 moving averages, while the 1-hour chart confirms the bullish trend. This alignment is important because short-term buyers are not going against the broader trend; they are following its movement. I would monitor the 10.96 level as the trigger threshold for this strategy. What would make me change my mind is a close on the 30-minute chart moving back below the EMA34 and EMA89 moving averages, which would break the alignment I’m currently observing.
Entry: 10.94 - 10.96
Stop-loss: 10.77
Take-profit: 11.14 - 11.32 - 11.43
⚠️ Personal market analysis, not investment advice. Do your own research (DYOR).
