AVAX is poised for a sharp decline, with the current price action screaming for a short entry. The momentum is building, and the window for getting in on this trade is rapidly closing.
🔴 $AVAX SHORT 📉
Entry $6.5474-$6.5606 | SL $6.7506 (-3.0%) | TP1 $6.4557 (+1.5%) | TP2 $6.2263 (+5.0%) | R/R 1:1.7 | Conf 64%
This AVAX short setup is firing on all cylinders, with the market structure break and volume confirming direction, while the fair value gap and order block confluence are creating a perfect storm. The chart is painting a picture of a significant move to the downside, and the signals are all aligning in our favor. We've got a clear path to the target, with the POI confluence adding extra conviction to this trade.
With a 3.0% stop loss, which is a bit on the tighter side, we'll want to keep our leverage in check, likely around 2-3x to maximize our risk-reward ratio of 1:1.7.
We'll be looking to take some profits off the table at our first target, to bank some gains and free up some mental and financial capital to ride out the rest of the move.
Not financial advice — trade only what you can afford to lose 🙏
$AVAX #AVAXUSDT #Swarms #TradingSignals #Write2Earn
🔴 $AVAX SHORT 📉
Entry $6.5474-$6.5606 | SL $6.7506 (-3.0%) | TP1 $6.4557 (+1.5%) | TP2 $6.2263 (+5.0%) | R/R 1:1.7 | Conf 64%
This AVAX short setup is firing on all cylinders, with the market structure break and volume confirming direction, while the fair value gap and order block confluence are creating a perfect storm. The chart is painting a picture of a significant move to the downside, and the signals are all aligning in our favor. We've got a clear path to the target, with the POI confluence adding extra conviction to this trade.
With a 3.0% stop loss, which is a bit on the tighter side, we'll want to keep our leverage in check, likely around 2-3x to maximize our risk-reward ratio of 1:1.7.
We'll be looking to take some profits off the table at our first target, to bank some gains and free up some mental and financial capital to ride out the rest of the move.
Not financial advice — trade only what you can afford to lose 🙏
$AVAX #AVAXUSDT #Swarms #TradingSignals #Write2Earn