AVAX/USDT (Futures) Long-Term Trend: Bullish
Key Resistance Levels: 68.27, 69.12, 70.00.
Key Support Levels: 67.42, 66.04, 65.50.
1-Hr Time Frame:
The price on the higher time frame failed to continue its move to the downside where the price was hold above the support along a higher low showing that the buyers are about to push the price higher and reverse it.
AVAX/USDT (Futures) Medium-Term Trend: Bullish
10-Mins Time Frame:
On the lower time frame, the buyers succeeded to break the bearish trend line to the upside after a double bottom formation. A lower correction has been posted to the support level to bring back liquidity before a new bullish impulsive wave toward the target profits.
Buy Market Order @ 67.42
Target Profit 1 @ 68.27
Target Profit 2 @ 69.12
Stop Loss @ 66.57
Trade Safely 🙂