BYBIT:AVAXUSDT
4H trend chart
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AVAX just broke out the downtrend line, and that is the timing we can buy.
Also, it is forming a potential double bottom , which neckline is 90.855 on 4H.
So we can take entry again once the price overcome the neckline, and trading strategy as below.
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Profit Targets:
a) 98.060~100.975—-Fib(1.272~1.382)
b) 104.105—-Fib(1.5)
c) 117.350—-Fib(2)

Stop losses:
a) 76.4—–Red horizontal ray
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