$AVAX
AVAXUSDT
Διην.
9.057
-1.50%
The market is on a reversal play following a lengthy drawdown.
The daily chart shows a crashing market taking a reversal pullback.
Will this result in a bullish pro trend? Most unlikely, however it is very much possible to capitalise on the short moves.
Following a rejection point acting as a protected low, the market looks to take out the most recent high as a form of liquidity grab, aiming to hit the next supply block.
This supply acts as untapped volume and a potential entry below the recent break of the most recent high.
Trade responsibly on this one