Avax Long Entry at Key Confluence 45.50

AVAX completed a 3-wave pullback on the 4H timeframe.
Entering long at 45.50, a confluence of:
50% retracement of the 27-65 swing
100% Fibonacci extension (y=w, log scale)
Targets:
T1: 52.50
T2: 85-90 area
Stop-Loss: 35.20
Risk: 1%
R:R: +2

Comment:

Trade Update:
- Moving SL for the entire position at 43.90 (almost risk free)
- T1 adjusted to 51.60

Trade closed: stop reached