$AVAX/USDT SHORT
Trade Plan
Entry: 6.50 – 6.55
Stop Loss: 6.66
TP1: 6.43
TP2: 6.35
TP3: 6.25
AVAX experienced a sharp spike to 6.879 and subsequently formed a sustained sequence of lower highs. Price is now below the MA25 (6.529) and around/below the MA99 (6.552), while the MA7 has rolled over to 6.494. This indicates weakening momentum after the initial pump. The preferred setup is to short a relief bounce into 6.50–6.55, where the moving averages can act as resistance. The 6.43 area is the first downside support, followed by the previous structural area around 6.35.
$AVAX
Trade Plan
Entry: 6.50 – 6.55
Stop Loss: 6.66
TP1: 6.43
TP2: 6.35
TP3: 6.25
AVAX experienced a sharp spike to 6.879 and subsequently formed a sustained sequence of lower highs. Price is now below the MA25 (6.529) and around/below the MA99 (6.552), while the MA7 has rolled over to 6.494. This indicates weakening momentum after the initial pump. The preferred setup is to short a relief bounce into 6.50–6.55, where the moving averages can act as resistance. The 6.43 area is the first downside support, followed by the previous structural area around 6.35.
$AVAX