AVAX – 15m Technical Analysis (Breakout Setup)

2 days ago

🔥 AVAX – 15m Technical Analysis (Breakout Setup)
( AVAXUSDT )
✅ 1) Pattern Analysis – Falling Wedge

A falling wedge usually signals that sellers are weakening, and buyers are absorbing liquidity.

What confirms the breakout?

Price broke above the wedge’s upper trendline.

A large bullish candle with increased volume.

Retest area around 13.20–13.25, which is happening now.

📌 This is a classic bullish breakout behaviour.

✅ 2) Entry Logic

The entry around 13.25 is technically correct because:

It's exactly at the breakout retest zone.

Buying pressure is visible.

Volume supports continuation.

This setup is high probability when supported by volume (which is clearly rising).

✅ 3) Stop Loss (SL)

Your SL below 13.05 – 13.10 is perfect because:

It sits below the wedge structure.

If price returns below this level, the breakout becomes invalid.

This is the correct technical placement.

✅ 4) Take Profit (TP) Projection

Your TP zone around 13.70 – 13.80 is realistic and matches:

Previous major support turned resistance.

Measured move of wedge height placed at breakout.

High-volume node from earlier.

✔ Expected targets:

TP1 → 13.48 (first resistance)
TP2 → 13.68 (upper range)
TP3 → 13.78–13.80 (full wedge target)

✅ 5) Market Behaviour to Expect

After a falling wedge breakout, price typically:

Breaks the trendline ✔

Pulls back slightly to retest the breakout level

Then accelerates upward toward targets

2 days ago

Trade active

2 days ago

Note

TP1 → 13.48 DONE 👌

yesterday

Trade closed: target reached

ALL TARGETS IS DONE
Price didn't close 1H candle under the sl and go to TP3 👌