AVAXUSDT ANALYSIS 1H

26 февр.

You seem to want to conduct a technical analysis of the AVAX/USDT trading pair. Here's an interpretation based on the information you provided:

Critical Resistance Zone: You've identified a significant resistance zone between 39 USDT and 39.7 USDT. This suggests that the price is struggling to break above this range, indicating potential selling pressure in this zone.

Sell Position: You propose taking a sell position in this zone, indicating an anticipation of a potential price decline from the identified resistance.

Risk-Reward Ratio (RR): You mention a risk-reward ratio of 1:4. This implies that your profit target is four times larger than your stop loss level—a common approach for better risk management.

Stop Loss and Gain Levels: You suggest placing the stop loss at 40 USDT, slightly above the resistance zone, and setting the gain at 35.8 USDT, based on supply and demand zones.

Supply and Demand Analysis: Your approach is grounded in the theory of supply and demand, considering areas where supply and demand are likely to interact.

It's crucial to note that trading always involves risks, and market movements can be unpredictable. It's recommended to exercise caution and conduct thorough research before making trading decisions. Additionally, keep in mind that financial information is subject to rapid changes, and staying informed about real-time market developments is essential.