Avax also looks good , if Btc doesn’t rug it can move higher
#avaxusdt 🚀#tradesignalAlert #write2earn🌐💹

AVAX Technical Analysis: Potential Downtrend and Strategic Entry Points

Avax is currently retesting a confluence of key resistance levels, including the daily resistance line, the lower border of a parallel channel, and the 0.236 Fibonacci retracement level. This confluence suggests a strong possibility of a downtrend reversal.

Risk Management:

Capital Allocation: Limiting position size to 1% of your capital helps contain potential losses.

Leverage: Employing 2x leverage magnifies potential returns but also amplifies potential losses. Utilize this strategy cautiously.

Laddering strategy: If the price breaks above this level, you can ladder in at higher levels marked on this chart.

$AVAX #AVAX✅ #avaxusdt #BTC #write2ear
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Unlocking Potential in AVAX: A Recent Short Trade Example (2x Leverage)

I recently identified a profitable AVAX short trade with over 35% returns using 2x leverage. While leverage can magnify profits, it also amplifies risk ( but with 2x - Zero risk). If you hypothetically entered with $1000 per trade and doubled your position, you could have seen potential profits around $700. Interested in catching similar opportunities? Follow my channel for more insights!$AVAX #Megadrop #bitcoinhalving #AVAX✅ #avaxusdt #BEARISH📉