$AVAAI just printed a 5.8% 15M dump on 3.1x volume — capitulation or just the beginning of a deeper flush?
My bias is bearish on the 1H. The volume-backed selloff looks more like distribution into thin bids than a confirmed bottom. Daily, weekly and BTC remain bullish, making this a counter-trend short, so I want a clean rejection before entering.
Key setup: Watch for a relief bounce into the 0.010115–0.013040 zone, where old demand could now act as supply. I’ll wait for a bearish engulfing candle, wick rejection, or clear lower-timeframe market-structure shift before taking the short.
Targets: TP1: 0.008507 TP2: 0.007298 TP3: 0.005711
Do not chase the red candles. Protection should sit beyond the relevant swing high and structure invalidation.
Invalidation: A 1H close above 0.021614 flips the bearish setup back to bullish.
#AVAAI #CryptoTrading #Altcoins #Binance #Crypto $AVAAI
My bias is bearish on the 1H. The volume-backed selloff looks more like distribution into thin bids than a confirmed bottom. Daily, weekly and BTC remain bullish, making this a counter-trend short, so I want a clean rejection before entering.
Key setup: Watch for a relief bounce into the 0.010115–0.013040 zone, where old demand could now act as supply. I’ll wait for a bearish engulfing candle, wick rejection, or clear lower-timeframe market-structure shift before taking the short.
Targets: TP1: 0.008507 TP2: 0.007298 TP3: 0.005711
Do not chase the red candles. Protection should sit beyond the relevant swing high and structure invalidation.
Invalidation: A 1H close above 0.021614 flips the bearish setup back to bullish.
#AVAAI #CryptoTrading #Altcoins #Binance #Crypto $AVAAI