$AVAX again building momentum. Took long at 42.60. if it | Urooj Amir on Binance Square

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$AVAX again building momentum.  
Took long at 42.60. if it clears the zone of 43.2 - 44.50, then the next stop could e 47 & more.  

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AVAX

42.72

-1.38%

679

0

Replies 3

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$AVAX These updates suggest extreme caution while opening long positions right now. Assess carefully & wait for clear signs of reversal. Volume Alert AVAX-USDT - Binance Volume Change Reached -25.59% Market Buy Orders Alert AVAX-USDT - Binance Market Buy Orders Change Reached -24.23%

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$AVAX Seeing AVAX making lower lows, I have closed my current long position with 3% loss to manage my risk. But, still I am optimistic about AVAX & believe that I will recover it in the next pump. Will look for better position to enter again. PS. This is my personal opinion, not a financial advice.

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#AltcoinMomentum Been following & posting about AVAX on Binance Square for the past 8 days. Here's the summary. Avalanche (AVAX) has captured the attention of crypto enthusiasts with its remarkable performance over the past 8 days. This altcoin is showing promising signs of a long-term bullish run, leaving many investors optimistic about its future. On November 20th, AVAX’s price began to rise significantly, with clear bullish momentum visible across all time frames. The upward trajectory marked the start of a solid rally, sparking increased market interest. By November 25th, AVAX achieved a milestone, touching $48. Following this surge, the price entered a consolidation phase, setting a strong foundation for the next wave of potential gains. November 26th-28th: AVAX traded sideways, maintaining a bullish bias. The price ranged between a strong low of $38.5 and a weak high of $48, indicating growing positive sentiment among traders. November 28th: Growing Volume Signals Bullish Strength As of November 28th, AVAX’s trading volume showed consistent growth. At the $50 level, the volume fluctuated between 71K and 72K, eventually climbing to 74K, highlighting sustained buying pressure. This upward trend in volume underscores growing confidence in AVAX’s potential. Luxalgo Smart Money Concept Indicator Confirms Bullish Momentum The Luxalgo Smart Money Concept Indicator points to a crucial shift in AVAX’s market dynamics. The strong low has moved from $38.5 to the $42-$42.5 range, signaling increased buying activity and reduced selling pressure. These are clear signs of bullish momentum and enhanced investor confidence. Currently trading around $42 - $44 with slight downtrend, the volume around $50 mark increased to 76K. $42 is a crucial support level. Breaking this could see correction till $35 - $36.

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$15000 worth longs liquidated at $42.42. Be mentally ready to act according to your plan.

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$AVAX A downturn is expected, might rebound from $42 or around. Takes I would prefer in such scenario: √ If I am in profit, I will close my position & re-enter when the market rebounds. √ If I am. in slight loss instead of panicking I will try to manage my risk & rethink on good long term potential of AVAX. PS. These are my opinions, not a financial advice.

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