Yello Paradisers! 👋 AVAXUSDT is at a critical juncture, and it’s essential to stay focused.
💎Currently, the AVAXUSDT is trading within a descending channel, but we’re seeing the potential formation of a bullish W pattern. This is where things get interesting.
💎If AVAX breaks out and closes a candle above the resistance zone, it will validate the W pattern, significantly increasing the chances of a bullish move. 🚀
💎On the other hand, if we see a pullback, the support zone could give us a double-bottom pattern. But we’ll need confirmation from a Change of Character (CHoCH) toward a bullish market structure to give us confidence in the reversal.
💎However, if the price breaks down and closes a candle below the support zone, our entire bullish scenario will be invalidated.
🎖The key here, Paradisers, is patience and discipline. Remember, only the best, highest-probability trades are worth taking. Stay sharp, follow the price action, and make sure your strategy is in place. That’s how you stay in the winner’s circle.
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