#AVAX rebounded to the high resistance level before the pattern, and I mechanically took profits on my spot position as planned.
There’s no need to understand why Bitcoin is falling while AVAX can rebound, nor do we need to predict whether it will continue to break upward.
Just focus on making the necessary trades, concentrating on probability, odds, and mindset management.
This year I have done spot trading for #AVAX twice, and the logic for both entries is quite similar: breaking through and pulling back to EMA21 + EMA55.
The first time I lost, the second time I made a profit (currently only made a small profit), but considering the risk-reward ratio, overall it is still a positive return.
The short-term target for AVAX's rise is at 40 and 55. However, more crucial than the target levels is that AVAX has already broken through the daily structure resistance + the EMA200 moving average is turning upwards.
If a strong daily trend develops subsequently, combined with Bitcoin's support, then for this round, I would see the final target at 95 dollars.
Lastly, and most importantly, if there really is a daily trend, there will also be opportunities to "pull back" for entry; chasing after the price is unnecessary.
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