still tracking $AVAX, just rejected again, so the short side makes more sense here
The 24-hour move stands at -12.98%, with the latest price near 7.299. The moving-average structure is still bearish; any bounce needs to prove it can hold before the bias changes. RSI is 14.2; momentum is weak, so a reversal needs confirmation rather than an assumption. Volume is close to its recent average (0.8x), so follow-through will matter more than one candle. The nearby map is support around 7.275 and overhead resistance close to 7.701. The planned entry is an area to watch for a failed bounce; it avoids chasing an already extended drop.
Short setup | Spot chart | 15M
Entry: 7.296â7.316 | TP1: 7.086 / TP2: 6.904 / TP3: 6.721 | Stop Loss: 7.538
#AVAX #crypto #Write2Earn! #binance
The 24-hour move stands at -12.98%, with the latest price near 7.299. The moving-average structure is still bearish; any bounce needs to prove it can hold before the bias changes. RSI is 14.2; momentum is weak, so a reversal needs confirmation rather than an assumption. Volume is close to its recent average (0.8x), so follow-through will matter more than one candle. The nearby map is support around 7.275 and overhead resistance close to 7.701. The planned entry is an area to watch for a failed bounce; it avoids chasing an already extended drop.
Short setup | Spot chart | 15M
Entry: 7.296â7.316 | TP1: 7.086 / TP2: 6.904 / TP3: 6.721 | Stop Loss: 7.538
#AVAX #crypto #Write2Earn! #binance
