$AVAX /USDT — SHORT | CONF 84%
AVAX has gone parabolic on the 4H chart, pushing from the 7.17 area to 9.856. At the current 9.772, RSI(6) is extremely elevated at 96.82, while the order book shows 72.75% sell pressure. External market data also confirms a sharp recent AVAX rally.
Trade Plan:
Entry: 9.70 – 9.85
Stop Loss: 10.15
TP1: 9.40
TP2: 9.05
TP3: 8.60
Why this setup?
RSI(6) 96.82 → extremely overheated
Strong rejection risk around 9.85–10.00
Order book: 72.75% Sell vs 27.25% Buy
Price has moved almost vertically from ~7.17
9.40 is the first pullback area
A deeper correction could target 9.05 → 8.60
Confirmation: 4H candle closes below 9.40 after rejection from the 9.80–9.85 zone.
Invalidation: Strong 4H close above 10.15.
Debate: Can $AVAX break below 9.40, or will buyers push it above 10.00? 👀
$AVAX
AVAX has gone parabolic on the 4H chart, pushing from the 7.17 area to 9.856. At the current 9.772, RSI(6) is extremely elevated at 96.82, while the order book shows 72.75% sell pressure. External market data also confirms a sharp recent AVAX rally.
Trade Plan:
Entry: 9.70 – 9.85
Stop Loss: 10.15
TP1: 9.40
TP2: 9.05
TP3: 8.60
Why this setup?
RSI(6) 96.82 → extremely overheated
Strong rejection risk around 9.85–10.00
Order book: 72.75% Sell vs 27.25% Buy
Price has moved almost vertically from ~7.17
9.40 is the first pullback area
A deeper correction could target 9.05 → 8.60
Confirmation: 4H candle closes below 9.40 after rejection from the 9.80–9.85 zone.
Invalidation: Strong 4H close above 10.15.
Debate: Can $AVAX break below 9.40, or will buyers push it above 10.00? 👀
$AVAX
