#AVAX SUPPLY AND DEMAND ZONE: A TOTAL INCREASE OF 19.71%!
If you're looking for an in-depth analysis of AVAX, then, you're in the right place.
Here's why.
AVAX has continuously moved between its supply and demand zone, with the demand at 19.42-20.46 and supply at 24.70-27.78. In between these levels, we have monitored an increase from last week to this week of 19.71%. The traders who have recognized the potential ranging market structure of AVAX before a huge movement happens have taken advantage of this scenario. Right now, AVAX is facing the high volume of selloffs just below the supply zone we've highlighted. Although, further confirmation should appear once sellers recognize this as a potential great position for their orders. It would be wise to not enter immediately with any positions and observe patiently for the next price action to happen.
WE TOOK THIS #STX TRADE AND HERE'S WHAT HAPPENED!
If you're looking for an in-depth analysis of STX, then, you're in the right place.
Here's why.
STX has continued to bounce from its extreme demand zone at 1.32. Leading to an increase of 19.30%. Although, we took a quite riskier long trade than usual at 1.435. We have still managed to see a growth of 9.62% from there and have took 20% of our entries and are now sitting at a breakeven. Right now, we're still expecting this token to confidently retrace above 1.8. In the event that this scenario isn't possible. We have prepared some limit orders below as what we've highlighted in our chart. Since in case divergence may fail, we will consider those key levels below this as the next possible levels with high chance of successful divergence onwards the higher levels.
These posts are for educational purposes. To guide the people who might still be struggling within the crypto market, those who are new to the environment and volatility and everyone else who needs it.
Stay wise, trade cautiously.
