🔥AVAX: is it going to PUMP after 2 months fall?

25 May 2022

Avalanche (AVAX).Avalanche Trading Setup. The growth of volumes after a false breakdown indicates the buyer's presence! A large number of long traders closed their positions on their own or their stop losses were collected under the key level of $27.50.

📊When the price will be squeezed under the trend line - this will be the main signal to open the long. Also, local manipulations are possible, which will give additional confidence that a BIG player wants to accumulate enough liquidity to open a long position. A squeeze and breakout of the trend line is what we should wait for to open a long.

📊Globally, many retail traders opened short positions after 2 months of decline. But if the price of AVAX starts to rise together with the Bitcoin, we can expect a fast price growth. The short traders will be the fuel for the huge PUMP.

🎯Value areas and targets:
1. $38 (+23%)
2. $42 (+40%)

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P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.