following the price action on $AVAX, with roughly 42x on the setup, just rejected again, so the short side makes more sense here
The short idea depends on sellers defending the entry zone, not simply on price falling quickly. The moving-average structure is still bearish; any bounce needs to prove it can hold before the bias changes. AVAX is 3.36% lower over 24 hours and is trading around 8.028. Volume is close to its recent average (0.9x), so follow-through will matter more than one candle. RSI is 27.1; momentum is weak, so a reversal needs confirmation rather than an assumption. The nearby map is support around 7.942 and overhead resistance close to 8.636.
Short setup | Spot chart | 1H
Entry: 8.022â8.056 | Stop Loss: 8.464
TP1: 7.758 / TP2: 7.517 / TP3: 7.235
#AVAX #Write2Earn! #Crypto #binance
The short idea depends on sellers defending the entry zone, not simply on price falling quickly. The moving-average structure is still bearish; any bounce needs to prove it can hold before the bias changes. AVAX is 3.36% lower over 24 hours and is trading around 8.028. Volume is close to its recent average (0.9x), so follow-through will matter more than one candle. RSI is 27.1; momentum is weak, so a reversal needs confirmation rather than an assumption. The nearby map is support around 7.942 and overhead resistance close to 8.636.
Short setup | Spot chart | 1H
Entry: 8.022â8.056 | Stop Loss: 8.464
TP1: 7.758 / TP2: 7.517 / TP3: 7.235
#AVAX #Write2Earn! #Crypto #binance
