AVAX Long
2025-02-02
Category: None

Rationale:
 
 Bullish Divergence: 1D MACD shows a classic bullish divergence. Price is making lower lows, while MACD is forming higher lows. This suggests weakening bearish momentum and potential for a bullish reversal.
 Demand Zone + Order Block (OB): Current price action is within a previously identified Demand Zone, an area of historical buying pressure. This zone overlaps with an Order Block, further reinforcing the potential for strong support and a bullish bounce.
 Trend Change: The CHOCH indicator has recently transitioned from a downtrend to an uptrend. This confirms a shift in market sentiment and increases the probability of further upward price movement.
 

NOTE: In this position as you can see the RRR is 8:1. You can extend the SL for more safety.

Warning: Don't follow this trade set-up unless you can afford to lose.