#AVAX #Avalanche #AVAXUSDT | #Altcoins
📈 Avalanche Trading Update
AVAXUSDT (Avalanche) has been advancing, five weeks green. It found resistance exactly at the 0.786 Fib. extension. This can lead to consolidation before higher or a small retrace. Think of the 20-Nov and 27-Nov weeks in 2023; or it can be a strong retrace but the chart is green and 100% bullish. Trading volume is good and rising.
We expect higher prices in the coming weeks and months. Any sudden retraces and corrections should be bought; a buy opportunity. If prices drop, there is no need to panic, rather, it is an opportunity to celebrate. If there are pairs that you like but you missed, you get the a new chance to enter. If you are holding any pair, hold strong. We trade long-term. We focus on high prices and new All-Time Highs in 2025 and beyond.
Leveraged and short-term trades can take profits on each target; for sure. Spot traders should consider taking profits only at major targets (accentuated resistance levels —these are the bold numbers on our premium trades).
When in doubt, meditation.
Thank you for reading.
Namaste