AVAX retail buyers are heavily crowded on the long side. This over-leveraged positioning leaves the market highly vulnerable to a quick flush.
$AVAX Bias: Tactical bearish outlook targeting a flush of retail longs.
Trade Plan
Entry: 7.262
SL: 7.2874
TP: 7.0940
Market Evidence:
• Long/Short ratio is highly skewed at 1.91, exposing longs to liquidation.
• Market structure remains range-bound with low squeeze probability.
• Neutral funding rate indicates a lack of spot buying support.
Risk:
• A strong whale bid wall below may defend the downside.
Watch:
Monitor price action around the whale support wall for a breakdown.
I'll update this setup if market conditions evolve.
#AVAX #Crypto #Trading