Hello speculators!
Avax has pulled back to an important support that has absorbed the last wave of selling, giving us an excellent stop point for a long position.
I see Avax as an excellent risk-return ratio for starting a long-term position in the bitcoin pair.
Reasons for opening a trade.
1 - Beartrap in the support zone
2 - Double bottom formation with long-term projection.
3 - Great support point for a lost stop position at the last bottom.
Avax has pulled back to an important support that has absorbed the last wave of selling, giving us an excellent stop point for a long position.
I see Avax as an excellent risk-return ratio for starting a long-term position in the bitcoin pair.
Reasons for opening a trade.
1 - Beartrap in the support zone
2 - Double bottom formation with long-term projection.
3 - Great support point for a lost stop position at the last bottom.
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