Hi firends! ๐ฅAVAX is going to break the triangle. It`s a chance to open a long on the breakout!
It's highly expected after such long and exhausting consolidation. A lot of retail traders, newbees are leave the market in panic becsue of "crysis", "black mondays" news.
๐ฉ The bear market is great at sorting out those who will make money and those who will buy crypto at all-time highs.
๐ My preconditions to open a long:
๐ฅ identify the intentions of the big player. Take a look on the volume indicator. A lot of coins were bought at the bottom. That's mean the big player bought the bottom and going to sell the crypto higher.
๐ฉ The Dom and Footprint are the scalping tools that help me to identify the orders of the big players in real time. Usefull things to increase your winrate by 30-35%.
๐ฅ squeeze to the boundary of the triangle
๐ฅ bullish BTC pull all the altcoins higher
๐ The targets:
1. $21-22 - the closest resistance and local highs
2. $23-25 - the close value area
3. $30 - the key level
โ
I recommend you to take some profit when the price wil reach the targets. You need to book at least 50-70% at the second target.
๐ปFriends, press the "boost"๐ button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.