AVAX - Marvelous short is incoming

12 Jul 2022

We can't take this short right now since approach of the trendline was too fast. It's better to wait for pullback and be ready to take short in a couple days when we see more accumulation.

Ideally we won't to see false breakout of the top trendline so there will be a lot of trapped bulls

Reasons to take short in a couple days:
⭐️ BTC in bearish trend
⭐️ Trendline is 26 days long
⭐️ Trendline is clean
⭐️ Slowly squeezing to the trendline
⭐️ 4th touch

Will enter when price squeezes to the trendline on 5m timeframe, the base will form and the tape will get faster.
If you don't understand the previous sentence, just use swing stop-loss 3-5%

Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum


What do you think of this idea? What is your opinion? Share it in the comments📄🖌
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P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones