$AVAX
AVAX is trading above a major weekly demand zone ($24–$26) after a corrective move from the 2024 highs. The current market structure suggests consolidation before a potential push toward key resistance levels, assuming Bitcoin remains stable.
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Entry Zone: $32.50 – $33.80
This zone represents:
· Recent consolidation support
· 4-hour order block from previous bullish candles
· Confluence with the 0.382–0.5 Fibonacci retracement of the last swing up
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Stop Loss: $30.90
Placed just below the last higher low on the 4-hour chart, invalidating the short-term bullish structure if broken.
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Target Levels (Risk:Reward Focused)
Using a 1.5% risk per trade example (position size relative to SL distance):
1. TP1: $35.60 (1:1 RR) — Trim 30% of position
2. TP2: $37.40 (2:1 RR) — Trim 25%
3. TP3: $39.80 (3:1 RR) — Trim 20%
4. TP4: $42.50 (4:1 RR) — Trim 15%
5. TP5: $45.00 (5:1 RR) — Trim 10% (runner)
This scaling out method locks in profits while allowing a runner to capture extended moves.
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Chart Illustration (Text-Based)
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BINANCE:AVAXUSDT 4H | SQUARE CHART FORMAT
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