Quick swing trade on Avax - Target 50$

29 באפר׳

Keeping this one short as always. Liking the market structure here on LTF. Think we should see a push coming days/next week into 50$. Once we see a breakout above this trendline the double-bottom pattern should be in play.

Stay safe!

29 באפר׳

הערה

Ignore the red line, it's just my liquidation level for this trade (yes, I trade mostly on leverage!)

IF it decides to go lower, I will add to this position at ~28$

29 באפר׳

הערה

First target would be 44$, I wil take partial profits here.

29 באפר׳

הערה

I just read about the Stripe implementation, didn't know about that! Now I feel even more confident about this trade :)

Now you could say it was all in the charts anyway... this is why I focus entirely on the charts! Price action is telling everything you need to know.

30 באפר׳

הערה

Got rejected off the trendline. Still in position, I will add if it drops to 32$

30 באפר׳

הערה

32$ hit, added to position

2 במאי

הערה

Looks like AVX is trying to brea kout here. If so, momentum should accelerate once we break above 34-35$

6 במאי

הערה

Touched 40$ which would be the neckline of the double bottom. Think we will consolidate here for 1-2 days before breaking through, already took some profit and playing it safe.

9 במאי

הערה

Trade still valid, but failed pretty bad at the neckline. Still think we will see 50$ coming weeks.

10 במאי

הערה

I almost consider this attempt as failed. Now if things get really ugly, we could see 25-28$ next week. Closed my remaining longs already.

23 ביוני

הערה

Long time no update. Wasn't following AVAX for a while now but it starts to look interesting again aproaching the 23$ level. This is the place where you start bidding again. Unfortunately it never closed above the yearly open and started downtrending ever since but this could come to an end very soon.