AVAX Long Signal: Golden Opportunity with Low Risk
2024-12-17
Category: None

🔹 Entry Point: $56.00
🔹 Target: $86.00
🔹 Stop Loss: $41.00
🔹 Risk to Reward: 2

🔸 Analysis and Reason for Entry:
The $56.00 level in AVAX is a key area with strong historical price and time reactions. It aligns with the 2.618 Fibonacci extension, making it a critical support zone. A breakout from this level could confirm the continuation of the upward trend.

🔸 Why is success highly likely?
In the previous signal, after breaking the 1.618 extension, the price reached the target. Now, with the current market structure and the strength of the bullish trend, the next target at $86.00 aligns with the 4.23 Fibonacci extension level.

🔸 Risk Management:
Given the high probability of success, this position is suggested with low risk. Only risk up to 1% of your total capital in this trade, and adjust your position size according to the stop-loss distance.
👨‍💻 Reminder: Always stick to your stop loss and manage your capital wisely!