AVAXUSD (1W) - buy the dip

٢٨ نوفمبر

Hi treaders,

Here it is my idea for a long position on AVAXUSD (1 week time frame).
the price hit a local high in March 2024 and another one in November 2024, now is in a resistance area and the price can goes down. The idea is to enter in the buy area hoping for a bounce up in the support area. The best would be if the price will hit the SMA in the buy area and use it as a support too. The buy area is between 37.49 and 33.18.
We will put our take profit at 58.66 which was the local high in March 2024 and can act as a resistance in the future, the second take profit is more above, at 98.25.

Good luck!