AVAXUSDT1H trend chart
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AVAX fell to Fib 0.382 while a big correction yesterday.
It is obvious that price got support at Fib 0.382 and Vegas tunnel 576/676 ema in 1H time frame.
And it is resisting from a short-term downtrend line now.
If price can break out the downtrend line without long upper shadow line, trading strategy as below.
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Profit Targets:
a) 112.865----Consider this unstable market, we set an optional TP
b) 121.095----Fib(0.618)
c) 129.6----Blue horizontal ray
d) 147.73----Fib(1)
Stop losses:
a) 101.12-----Red horizontal ray
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