$AVAX : Rejection at 4H EMA 200 — Time for a SHORT? 📉
$AVAX just delivered a massive impulse leg from the $7.696 lows straight into the 4H EMA 200 ($9.013), where price is currently stalling out and showing clear signs of rejection.
🔍 The Game Plan:
1. 4H Resistance Check: The 4-hour EMA 200 line has acted as macro dynamic resistance. Reaching $9.013 was a key liquidity grab into that higher timeframe supply zone.
2. Lower Timeframe (1H) Conformation: Dropping to the 1-hour chart, we see high-volume expansion hitting that key level, followed by immediate topwick rejection.
We are looking for a clear liquidity sweep of the high + a strong bearish reversal/engulfing candle setup before committing.
🎯 Trade Setup Strategy:
Entry Zone: $8.85 – $8.95
Stop Loss : $9.08
Take Profit 1 : $8.40
Take Profit 2 : $8.00
⚠️ Manage your risk strictly and wait for 1H candle confirmation before entering!
$AVAX
#avax
#BitcoinFiveWeeklyLosses
#priceaction
$AVAX just delivered a massive impulse leg from the $7.696 lows straight into the 4H EMA 200 ($9.013), where price is currently stalling out and showing clear signs of rejection.
🔍 The Game Plan:
1. 4H Resistance Check: The 4-hour EMA 200 line has acted as macro dynamic resistance. Reaching $9.013 was a key liquidity grab into that higher timeframe supply zone.
2. Lower Timeframe (1H) Conformation: Dropping to the 1-hour chart, we see high-volume expansion hitting that key level, followed by immediate topwick rejection.
We are looking for a clear liquidity sweep of the high + a strong bearish reversal/engulfing candle setup before committing.
🎯 Trade Setup Strategy:
Entry Zone: $8.85 – $8.95
Stop Loss : $9.08
Take Profit 1 : $8.40
Take Profit 2 : $8.00
⚠️ Manage your risk strictly and wait for 1H candle confirmation before entering!
$AVAX
#avax
#BitcoinFiveWeeklyLosses
#priceaction
