sell
AVAX Short Position with Multiple Targets and Leverage
The forecast suggests initiating a short position on AVAX with an entry point between 17.700. The leveraged trade is set at 10X across multiple exchanges including Mexc, Binance, Coindcx, and Bingx. Targets are progressively set at 17.400, 17.131, 16.751, 16.389, 15.837, and 14.950 to maximize gains if the predicted decline occurs. The stop-loss is defined at a 4-hour candle closing above 18.530 to minimize potential losses.
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AI Analysis
The current approach to short AVAX with a leverage of 10X indicates a bearish outlook based on the recent technical signals. Now, the primary concern is whether the cryptocurrency will indeed decline ...
AI Recommendation
Given the bearish setup, traders looking to capitalize on a potential decline in AVAX could consider entering the short position as suggested. Close monitoring of the 4-hour candles is crucial, especi...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.
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