🔴 AVAXUSDT — FUTURES SHORT
$AVAX
Entry Zone: $8.60 – $8.65
Stop Loss: $8.74
TP1: $8.35
TP2: $8.25
TP3: $8.10
R:R: 1:2.39 | 1:3.26 | 1:4.57
TF: 1H SCALP (conditional — awaiting retest)
AVAX ground up all day from $8.14 to $8.735, then hit a wall — twice. The 10:00 UTC candle spiked to $8.735 and the next hour tested $8.699, both rejected on strong volume, and price has been making lower highs since. The 4H momentum has turned too. I am not shorting into the fall at $8.54 though — I want the retest of $8.60–$8.65 first.
Why I like this one: a double rejection at the same level with real volume behind the sellers, and three lower 1H closes after it. The targets below are real recent levels — $8.35 (last night's base), $8.25 and $8.10 (the Nov 10 swing low zone).
Invalidation: 1H close above $8.74 — if price closes back above the double top, the idea is dead and I step aside.
Analysis Only — Not Financial Advice (NFA). Trading involves risk.
Follow Profit Direction for more signals, best signals and market updates. Share your opinion in the comments.
Do you think AVAX will retest $8.60 and drop, or push back above $8.74? Comment LONG or SHORT.
#AVAX #AVAXUSDT #CryptoTrading #BinanceFutures
$AVAX
Entry Zone: $8.60 – $8.65
Stop Loss: $8.74
TP1: $8.35
TP2: $8.25
TP3: $8.10
R:R: 1:2.39 | 1:3.26 | 1:4.57
TF: 1H SCALP (conditional — awaiting retest)
AVAX ground up all day from $8.14 to $8.735, then hit a wall — twice. The 10:00 UTC candle spiked to $8.735 and the next hour tested $8.699, both rejected on strong volume, and price has been making lower highs since. The 4H momentum has turned too. I am not shorting into the fall at $8.54 though — I want the retest of $8.60–$8.65 first.
Why I like this one: a double rejection at the same level with real volume behind the sellers, and three lower 1H closes after it. The targets below are real recent levels — $8.35 (last night's base), $8.25 and $8.10 (the Nov 10 swing low zone).
Invalidation: 1H close above $8.74 — if price closes back above the double top, the idea is dead and I step aside.
Analysis Only — Not Financial Advice (NFA). Trading involves risk.
Follow Profit Direction for more signals, best signals and market updates. Share your opinion in the comments.
Do you think AVAX will retest $8.60 and drop, or push back above $8.74? Comment LONG or SHORT.
#AVAX #AVAXUSDT #CryptoTrading #BinanceFutures
