AVAX pulled back 37% from its recent high just at $49.85, a strong pullback that brought pause to the bulls until now. Is this the time to enter a long trade?
How do we trade this? 🤔
The answer is almost! We have several market indicators that point to a 1:2 Risk/Reward trade near this price area. We have three pushes down in our pullback from $49.85, 3 failed...
AVAX has shown a very good potential against BTC. While BTC sell off goes to decrease and it seems that BTC is in a dip, I expect a very bullish days ahead of us for AVAX.
I enter between $98-$102. take profit partially and my target is $180.
I expect the idea will be refused if we reach back to $75.
BEST luck
