🔥 AVAX Setup – Two Bullish Scenarios! 💎
♦️ Overall Market Structure ♦️
Always keep an eye on Bitcoin and its dominance.
If dominance drops while BTC starts rising again, altcoins will usually have a smoother and stronger uptrend.
Check my daily analyses for a deeper structural outlook on the market. 🔍
♦️ AVAX Setup ♦️
As long as the market structure remains bullish, I’ll keep looking for valid long triggers.
Here are the 2 bullish scenarios I’m watching on AVAX:
🟡 Scenario 1:
If we get an accumulation box on the 1H or 4H timeframe, I’ll look to enter long after a clean breakout.
Stop-loss will be placed below the box.
🟡 Scenario 2:
If price suddenly moves up with sharp bullish candles, and forms a V-pattern around the $24.00 level,
I’ll enter on the breakout of that V-pattern.
🎯 Target:
In both scenarios, the first target is $26.15,
but my goal is to hold these positions for potential moves beyond $26.15.
🚀 Hit that 🚀 if you're watching AVAX too!
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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.
Related publications
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.