AVAX | Long | W Pattern Potential | (April 2025)

4月29日

AVAX | Long | Bottom Formation + W Pattern Potential | (April 29, 2025)

Inspired by KlejdiCuni

1️⃣ Insight Summary:
AVAX has been in a steady downtrend, but now we seem to be approaching a strong bottom area. A potential W-pattern is forming, which could kickstart a bullish move from here!

2️⃣ Trade Parameters:
Bias: Long
Entry: Around $20.00 – $21.80
Stop Loss: Around $14.60 (monitoring volume carefully)
TP1: $25.00
TP2: $36.00
TP3: $44.00
TP4: $52.00
Partial Exits: Gradually locking in profits at each target.

3️⃣ Key Notes:
✅ W-pattern formation suggests a bullish reversal could be underway.
✅ Strong volume near the bottom would add extra confirmation.
✅ There’s a liquidity cluster around $23.00, meaning we might see a fast move up as stops get triggered.
❌ A breakdown with high volume below $14.60 would invalidate this setup.
✅ I’ll also consider compounding the position if we dip a little further before reversing.

4️⃣ Follow-up Note:
I'll continue tracking this setup and post updates if anything major changes.

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Disclaimer: This is not financial advice. Always conduct your own research. This content may include enhancements made using AI.

5月4日

ノート

🔄 AVAXUSDT Update
AVAX is currently trading within our compound accumulation area, which makes this a key zone to monitor. I’ve heard reports that the AVAX team is planning (or already did) a $6 million market buy, possibly during last week's open — a detail that adds extra interest around this level.

That said, we’re not quite at my entry zone yet, so I’m still waiting and watching. Right now, money flow is exiting, and the funding is already turning negative, indicating that shorts are building up. We’re entering a potential "pain zone", which could shake out some weak hands before any reversal.

To see real upside, we’ll need Bitcoin to cool off and give up some dominance, allowing altcoins like AVAX to breathe. As of now, BTC dominance is still elevated, but we're sitting near support on the "Others" market cap chart, which could be a turning point for alts.

⚠️ For now, I’m staying cautious and watching for a clear shift in structure before committing.