The entry filled and the call is being tracked candle by candle.
What is the logic behind this AVAX long?
Written by the trader before the outcome was known, and never edited since.
thesis**: avax trapped in 10.68-10.90 range, break above 10.92 on expanded volume, rsi bullish divergence, targeting 12.05 (fvg on extension, 50ema congestion). invalidation: sub-
Thesis at publication
The longer case, also locked at publication.
10.92 on $AVAX is today's breakout level, as it's the top of a multi-session compression range with volume expansion. This aligns with RSI (42.2), confirming a structural shift. Confluence at 10.92 includes the 200 DMA and a volume shelf, solidifying the bullish impulsive move. Target 1 at 11.541 based on measured move from range low to high, invalidation at 10.506, a recent value area low and shelf.
Market context
What was true around AVAX when this call was published.
Among active calls posted on TradeLiveX at that moment, 100% of 1 open AVAX call from 1 trader were long.
1 graded calls, 100% closed above breakeven, mean +1.57R. Frozen as of the post — it is not recomputed.
Across all 63 graded AVAX calls on TradeLiveX from 52 traders, 44% closed above breakeven with a mean of +0.01R.
Discussion
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