AVAXUSDT.P price is in a 4h bullish trend and right now making a correctional move to a discounted zone but we can clearly see market structure shift in 1h time frame so we are waiting to this internal bullish trend to be confirmed then we can look for potential buys to all those trend line liquidities and potentially a bearish micro trend at top of that strong highNote
That's exactly why we wait for extra confirmation , as you can see we never broke the marked high but in fact we confirmed another break of structure towards the downside and this is where I set my limit somewhere in discounted area and stop loss above the high and targeting the recent low
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.