Range Ending? MWC Correction Might Be Running Out of Steam

May 7

AVAXUSDT 4H Timeframe Analysis 🔍
🧠 Cycle Breakdown:
• HWC (High Wave Cycle / Higher Timeframe Cycle): Ranging 🔁
• MWC (Medium Wave Cycle / Mid-Timeframe Cycle): Bullish 🔼
• LWC (Low Wave Cycle / Lower Timeframe Cycle): Bearish 🔽

Right now, the HWC has little to no influence, so we focus on the current correction phase of the MWC. That puts us in favor of long positions, as we expect this correction to eventually resolve to the upside.

🔎 Price Structure & Strategy:
Look closely — candles have formed a 15-minute range box. That means a breakout from this box won’t give us a massive move immediately, but it can still offer a decent entry depending on direction.

Since I use a breakout-based strategy, I’ve marked out my key support and resistance levels:

20.20 is a good level to look for long setups.

19.31 is where I’d consider a short, but keep in mind: going short here is against the MWC, so you’ll need tighter risk control.

🎯 Take-Profit (TP) & Reaction Zones:
If price breaks upward:

21.40 is a solid level to partial TP or manage risk.

23.00 is a stronger resistance and has a higher chance of reaction.

⚠️ Important: If price breaks out of the 15-min range box, it’ll count as a valid breakout — but again, expect smaller initial momentum.
Personally, I’ll take partial profits at 21.40, or even fully close the trade, because price might reverse before hitting 23. If not closing, I’ll at least move to breakeven.

📊 Volume Observation:
During the last drop, volume decreased — that’s a typical sign of a correction phase within the MWC, and it aligns with our long bias.


If you'd like me to analyze a specific coin, feel free to drop it in the comments

Without proper risk management, you're just a ticking time bomb ⚠️
— PXA 📊

7 days ago

Trade closed: target reached

3 days ago

Note

I made a little profit at 1tp, but the second resistance didn't have a strong reaction, so I didn't close the position and it's still open.