AVAX/USDT Short-Term Trading Strategy
Current Price: 51.68 USDT
Period: 1 Day
Trading Strategy
Buy Low Strategy (Long Position)
Entry Price: 48.50 - 50.00 USDT
Take Profit Price: 54.00 - 55.50 USDT
Stop Loss Price: 47.00 USDT
Position: 15% of Funds
Trading Type: Spot or Contract
Leverage: 3x
Sell High Strategy (Short Position)
Entry Price: 54.00 - 55.50 USDT
Take Profit Price: 50.00 - 48.50 USDT
Stop Loss Price: 56.50 USDT
Position: 15% of Funds
Trading Type: Contract
Leverage: 3x
Strategy Logic
Buy Low Strategy (Long Position)
The daily chart shows the market in a strong bullish trend, with prices well above EMA(7) and EMA(25). There are some signs of short-term overbought conditions, but the trend remains intact. The 4-hour chart indicates support in the range of 48.50 - 50.00 USDT. If the price retraces to this range and the trading volume remains stable, while RSI falls back to the 60-70 range, consider entering a long position with a target of 54.00 - 55.50 USDT. If the price breaks below 47.00 USDT, a stop loss is necessary.
Sell High Strategy (Short Position)
The price is approaching the previous high resistance level of 54.00 - 55.50 USDT, with a potential short-term retracement. If the price rebounds to this area and RSI exceeds 80 or trading volume decreases, consider opening a short position, with a target towards the support area of 50.00 - 48.50 USDT. If the price breaks above 56.50 USDT, a stop loss is necessary, and wait for a higher point to readjust the strategy. $AVAX