Quick swing trade on Avax - Target 50$

Keeping this one short as always. Liking the market structure here on LTF. Think we should see a push coming days/next week into 50$. Once we see a breakout above this trendline the double-bottom pattern should be in play.

Stay safe!

評論:

Ignore the red line, it's just my liquidation level for this trade (yes, I trade mostly on leverage!)

IF it decides to go lower, I will add to this position at ~28$

評論:

First target would be 44$, I wil take partial profits here.

評論:

I just read about the Stripe implementation, didn't know about that! Now I feel even more confident about this trade :)

Now you could say it was all in the charts anyway... this is why I focus entirely on the charts! Price action is telling everything you need to know.

評論:

Got rejected off the trendline. Still in position, I will add if it drops to 32$

評論:

32$ hit, added to position

評論:

Looks like AVX is trying to brea kout here. If so, momentum should accelerate once we break above 34-35$

評論:

Touched 40$ which would be the neckline of the double bottom. Think we will consolidate here for 1-2 days before breaking through, already took some profit and playing it safe.

評論:

Trade still valid, but failed pretty bad at the neckline. Still think we will see 50$ coming weeks.

評論:

I almost consider this attempt as failed. Now if things get really ugly, we could see 25-28$ next week. Closed my remaining longs already.