AVAX - Take Profit Hit! Whats Next?

8 พ.ย. 2021

In our last AVAX analysis, we were waiting for a breakout to enter with targets of 92 (-0.27 fiboonacci target).

The 80 structure level is approaching and that would be the ideal place to enter for a continuation trade.

Trade Idea:
Watch for price to correct back to the structure level at 80
Enter on bounce of structure level
SL below the structure
TP: 106

Please use appropriate risk management as this move is overextended so there might be a deeper pullback.