A great setup for AVAX here. If we enter into the resistance zone and we have a failure at both the RSI level and the price level, we can enter a short with controlled risk reward. This is a decently strong resistance zone going back to May.
Easily invalidated if we see it break through this level and continue to move forward. In which case a new plan will have to be drawn up.
Exit the short at target 1 and 2.
Easily invalidated if we see it break through this level and continue to move forward. In which case a new plan will have to be drawn up.
Exit the short at target 1 and 2.