AVAX / TetherUS PERPETUAL CONTRACT
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๐Ÿ”ฅ AVAX 1H Triangle Formation - Short Then Long

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๐Ÿ”ฅ AVAX 1H Triangle Formation - Brief Short Opportunity Followed by a Strong Long Play to $30! ๐Ÿš€
Hello Traders! Today, I've closely examined the latest developments in AVAX and have identified an exciting opportunity to share with you. ๐Ÿ“ˆ

โœจ Brief Short Opportunity:
On the 1-hour timeframe, AVAX has formed a classic triangle pattern. This formation often indicates periods of consolidation and uncertainty, usually signaling an impending trend shift. With the breakdown of the triangle's lower boundary, we could see a brief bearish movement. This presents an ideal entry point for a short-term short position.

๐Ÿ“‰ Entry Point: $22.0
๐ŸŽฏ Target: $18.3
๐Ÿ›‘ Stop-Loss: $24.7

โœจ Subsequent Long Opportunity:
Following the short position, I anticipate a strong bullish trend in AVAX. Technical indicators and market dynamics are pointing towards a robust long opportunity, potentially reaching at least $30, following a breakout above [a specific resistance level].

๐Ÿ“ˆ Entry Point: $18.3
๐ŸŽฏ Target: At least $30
๐Ÿ›‘ Stop-Loss: $16.5

๐Ÿ” Conclusion:
This is a structure that offers both a brief bearish trend and a subsequent strong bullish opportunity. Remember, every trading strategy involves risk, and always consider your own risk management.



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