AVAX: Set Up for a bounce Amidst BTC ETF Week

This week may be remembered as the BTC ETF week. Regardless of the outcome, we don't want to miss the opportunity to place another swing trade in AVAX. As mentioned here

and

Avax long swing opportunity from 31- 23 area

the highlited area should provide at least a bounce to the 37.40s. Our trade plan is to take a partial profit at that area, create a risk-free position, and let the market play its path. Our minimum upside target is 72 area. Risk 2%.

Limit @ 31.60
SL @ 23.00
TP1 @ 37.40
TP2 @ 72.00

Trade active

Avax bouncing nicely from 31.6 level as expected.
Moving SL to 31.10
TP1 lowered to 37.30
Trade is risk free.

Note

TP1 hit.

AlmaClub

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