#AVAX/USDT 4h (ByBit) Ascending trendline breakdown

Avalanche lost 50MA support and seems to be heading towards 200MA.

⚡️⚡️ #AVAX/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Short)
Leverage: Isolated (2.7X)
Amount: 4.9%

Current Price:
20.800

Entry Targets:
1) 21.465

Take-Profit Targets:
1) 15.010

Stop Targets:
1) 24.700

Published By: @TradingOn

AVAX AVAXUSDT.P #Avalanche avax.network

Risk/Reward= 1:2.0
Expected Profit= +81.2%
Possible Loss= -40.7%
Estimated Gaintime= 5-10 days

Trade active:

ByBit USDT
AVAXUSDT.P All entry targets achieved
Average Entry Price: 21.465 💵

AVAX just retested 50MA (gray) resistance and let us enter the trade.

Trade closed: stop reached:

ByBit USDT
AVAXUSDT.P Stoploss ⛔️
Loss: 40.6918% 📉

AVAX regained 50MA after all and pushed higher, stopping us out.