$AVAX Holds the Pullback After the Breakout Spike Retesting Support
Pair: $AVAX /USDT
Direction: LONG
Leverage: 5x
Entry Zone: 11.150 – 11.190
Take Profit:
- TP1: 11.380 +10%
- TP2: 11.550 +17%
- TP3: 11.730 +25%
Stop Loss: 10.950
Chart Structure:
- AVAX spiked hard from a ~10.43 low to an 11.73 high, a strong impulsive breakout, and has since pulled back into a tighter consolidation around 11.17–11.18 a normal retracement after the move, not a trend break
- Order book shows a slight sell-side skew (54.89% ask vs 45.11% bid), with notable ask-side size clustering just above at 11.180–11.185 this level needs to be cleared for the next leg up
- Volume on the breakout candle was notably elevated relative to the recent chop, confirming genuine participation behind the move rather than a thin spike
- Price is holding above the prior consolidation range (10.9–11.1) that preceded the breakout, keeping that zone as support underneath
- This reads as a breakout-retest long: buying the pullback into the former resistance-turned-support zone, not chasing the exact high
- Stop is placed below the prior consolidation range low, giving room for a normal retest without exposing to a fresh breakdown
- Order book is close to balanced with a mild sell lean size conservatively until the ask-side supply at 11.18–11.19 clears
$AVAX
Pair: $AVAX /USDT
Direction: LONG
Leverage: 5x
Entry Zone: 11.150 – 11.190
Take Profit:
- TP1: 11.380 +10%
- TP2: 11.550 +17%
- TP3: 11.730 +25%
Stop Loss: 10.950
Chart Structure:
- AVAX spiked hard from a ~10.43 low to an 11.73 high, a strong impulsive breakout, and has since pulled back into a tighter consolidation around 11.17–11.18 a normal retracement after the move, not a trend break
- Order book shows a slight sell-side skew (54.89% ask vs 45.11% bid), with notable ask-side size clustering just above at 11.180–11.185 this level needs to be cleared for the next leg up
- Volume on the breakout candle was notably elevated relative to the recent chop, confirming genuine participation behind the move rather than a thin spike
- Price is holding above the prior consolidation range (10.9–11.1) that preceded the breakout, keeping that zone as support underneath
- This reads as a breakout-retest long: buying the pullback into the former resistance-turned-support zone, not chasing the exact high
- Stop is placed below the prior consolidation range low, giving room for a normal retest without exposing to a fresh breakdown
- Order book is close to balanced with a mild sell lean size conservatively until the ask-side supply at 11.18–11.19 clears
$AVAX
