I've been tracking $AVAX closely throughout the London Session, and the 1H chart is setting up a clean risk-reward play.
Right now, $AVAX is trading around $8.581 (+1.71% over the last 24 hours) with $30.5M in spot turnover. Meanwhile, traders are also reacting to today's macro headline: "Warren: What is White House doing to prevent a repeat of teleprompter's Trump bets?".
📊 Key Levels on My 1H Chart:
📍 Current Price: $8.581
🛡️ Demand Zone (Support): $8.068
🚧 Supply Wall (Resistance): $8.680
📈 Trend Filter: 1H EMA-20 at $8.452 | ⚡ RSI(14) at 64.2
🟢 How I'm Playing the Upside:
I don't like chasing middle-of-the-range candles. My ideal long entry is either a clean retest and bounce off $8.068, or a confirmed 1H close above $8.680 with volume, keeping invalidation tight below $7.947.
🔴 What Flips Me Bearish:
If buyers fail to hold $8.068 and we see heavy sell volume, I'll step aside and wait for the liquidity sweep to finish before looking for entries alongside $BTC and $ETH.
💬 How are you trading $AVAX today — Long, Short, or waiting for confirmation? Let's compare notes in the comments! 👇
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