$AVAX #AVAX 📉
Direction: SHORT
Entry zone: 8.05 to 8.09
Stop loss: 8.19
Target 1: 7.91
Target 2: 7.79
Avalanche is trading near 8.07 dollars, down 1.24 percent in 24 hours, inside a range of 7.83 to 8.25 dollars, and the recent closes show sellers pressing every small bounce, 7.97, then 8.01, then 7.96, then 8.04, then 8.07. 🔴 My reading is that AVAX is drifting lower with the whole altcoin market and has no reason to bounce while Bitcoin is stuck on its 75,000 dollar shelf, because altcoins follow Bitcoin and Bitcoin has not found its floor yet. A short from the current zone, with a stop above 8.19, targets 7.91 first and then 7.79 if sellers push toward the range low. A move above 8.19 kills the idea without debate.
Futures trading is risky. Trade small, use a stop loss, and do your own research. This is my reading, not a guaranteed signal.
Does Avalanche fall to 7.91 first, or break above 8.19? 🤔
Follow for more trades.
#Avalanche #Crypto #FuturesTrading #TradingSignals
Direction: SHORT
Entry zone: 8.05 to 8.09
Stop loss: 8.19
Target 1: 7.91
Target 2: 7.79
Avalanche is trading near 8.07 dollars, down 1.24 percent in 24 hours, inside a range of 7.83 to 8.25 dollars, and the recent closes show sellers pressing every small bounce, 7.97, then 8.01, then 7.96, then 8.04, then 8.07. 🔴 My reading is that AVAX is drifting lower with the whole altcoin market and has no reason to bounce while Bitcoin is stuck on its 75,000 dollar shelf, because altcoins follow Bitcoin and Bitcoin has not found its floor yet. A short from the current zone, with a stop above 8.19, targets 7.91 first and then 7.79 if sellers push toward the range low. A move above 8.19 kills the idea without debate.
Futures trading is risky. Trade small, use a stop loss, and do your own research. This is my reading, not a guaranteed signal.
Does Avalanche fall to 7.91 first, or break above 8.19? 🤔
Follow for more trades.
#Avalanche #Crypto #FuturesTrading #TradingSignals
