$AVAX came back to retest its 4H breakout - and held 👀
Price dipped back to around 8.27 - the level it broke through - and the 4H candle closed back above it at 8.46. That's the retest holding, which is what I wanted to see instead of a quick fade.
If #AVAX keeps closing above 8.27, the 8.41–8.58 area is the next zone on the chart. A 4H close back under 8.07 would turn this into a fade.
On the record, AVAX's setup is still judged on one line only: a daily close below 8.00.
Original breakout post: https://www.binance.com/square/post/386454016176260
Level held - does AVAX print a new higher high from here? 👇
Research, not advice. #CryptoEdge #MarketStructure
Full track record: https://cryptoedge-therecord.rkkiran4me.workers.dev
Price dipped back to around 8.27 - the level it broke through - and the 4H candle closed back above it at 8.46. That's the retest holding, which is what I wanted to see instead of a quick fade.
If #AVAX keeps closing above 8.27, the 8.41–8.58 area is the next zone on the chart. A 4H close back under 8.07 would turn this into a fade.
On the record, AVAX's setup is still judged on one line only: a daily close below 8.00.
Original breakout post: https://www.binance.com/square/post/386454016176260
Level held - does AVAX print a new higher high from here? 👇
Research, not advice. #CryptoEdge #MarketStructure
Full track record: https://cryptoedge-therecord.rkkiran4me.workers.dev
