No brainer long on avax.
Small bullish harmonic but price contraction means incoming volatility.
Day over day seller exhaustion. and target for retrace is at minimum 50% which is 5:1 R/R +22% / - 4.44%
Sure stop loss is tight but it can be 5% as well. I just like the golden ratio of 4.44.
{#AVAX $AVAX #AVALANCHE}
Small bullish harmonic but price contraction means incoming volatility.
Day over day seller exhaustion. and target for retrace is at minimum 50% which is 5:1 R/R +22% / - 4.44%
Sure stop loss is tight but it can be 5% as well. I just like the golden ratio of 4.44.
{#AVAX $AVAX #AVALANCHE}
Comment:
update: this one is a losing trade guys however I will keep my eye on it. I know we are probably in a bear market but some things are reaching levels where the R:R is worth the try