$AVAX jumped over 7% in 24h on the NYSE news while $BTC fell. The next test is 9.05-9.20, where 1D EMA50, EMA200 and 4H resistance stack.
Trend: Neutral (4H), CPI inside 24h
🎯 Entry short: 9.08 – 9.15 (only after a red 1H close inside the zone; cancel if unfilled before CPI, Nov 10, 13:30 UTC; if filled, cut size before the print)
✅ TP1: 8.72
✅ TP2: 8.53
✅ TP3: 8.29
🛑 SL: 9.43
📊 Logic:
• 9.09 has 8 touches on 4H. 1H RSI is 78, so no chasing.
• Ava Labs says Avalanche will provide the ledger for clearing and settlement at an NYSE-linked tokenized stock venue. Still needs regulatory approval (The Block).
• Open interest is down about 4% in 24h on this pop, which looks like short covering than new longs.
• Risk: the catalyst is real. Daily ATR is 6%, so size small.
⚠️ Invalidation: SL at 9.43 is hard. If 8.53 prints before a fill, cancel.
Fade this NYSE pop at 9.10, or follow it? Tell me why 👇
Disclaimer: Personal view, not financial advice. DYOR.
#AVAX #Tokenization #NYSE $AVAX
Trend: Neutral (4H), CPI inside 24h
🎯 Entry short: 9.08 – 9.15 (only after a red 1H close inside the zone; cancel if unfilled before CPI, Nov 10, 13:30 UTC; if filled, cut size before the print)
✅ TP1: 8.72
✅ TP2: 8.53
✅ TP3: 8.29
🛑 SL: 9.43
📊 Logic:
• 9.09 has 8 touches on 4H. 1H RSI is 78, so no chasing.
• Ava Labs says Avalanche will provide the ledger for clearing and settlement at an NYSE-linked tokenized stock venue. Still needs regulatory approval (The Block).
• Open interest is down about 4% in 24h on this pop, which looks like short covering than new longs.
• Risk: the catalyst is real. Daily ATR is 6%, so size small.
⚠️ Invalidation: SL at 9.43 is hard. If 8.53 prints before a fill, cancel.
Fade this NYSE pop at 9.10, or follow it? Tell me why 👇
Disclaimer: Personal view, not financial advice. DYOR.
#AVAX #Tokenization #NYSE $AVAX
