❗️Trading Strategy for $AVAX : Navigating the Downtrend Channel❗️
#Avax is currently facing a downtrend on the weekly chart, continuing its movement within a falling channel that has persisted for months.
This pattern suggests a strategy where traders could sell near resistance levels and buy near support. As long as the price respects the channel boundaries, this approach can offer potential trading opportunities, with the key being to watch for any breakouts or breakdowns that could shift the trend direction.
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★Proper risk management, including stop-loss orders, is crucial to mitigate unexpected volatility.
