AVAX/USDT: Is a bounce from EMA99 being prepared? 📉➡️📈
After a strong move from $10.329 to $12.007, coin $AVAX went into a smooth correction, which ended with a quick test of key dynamic support.
Now the price is consolidating around EMA99 ($11.049). Meanwhile, the oscillators have reached extreme zones: RSI(6) has dropped to 14.37, and StochRSI has fallen to 0.00. Such strong oversold conditions on the 15-minute timeframe often act as a trigger for a technical rebound or the resumption of a bullish impulse.
🎯 Trading plan: LONG (Main scenario)
Aggressive entry: $11.12 – $11.16 (current levels, anticipating a reaction from the EMA99 zone).
Conservative entry: $11.05 – $11.08 (on a retest of EMA99 and the appearance of a reversal candlestick pattern-model).
Stop-loss: $10.95 (a close below EMA99 and the local support level).
📊 Take-profits:
Target 1: $11.35 (~1.8% – 2.0%) — return to EMA50.
Target 2: $11.51 (~3.2% – 3.5%) — test of EMA21 and the nearest resistance block.
Target 3: $11.75 (~5.3% – 5.6%) — updating the local correction highs.
Did you like the breakdown? Support it with a reaction 👍
After a strong move from $10.329 to $12.007, coin $AVAX went into a smooth correction, which ended with a quick test of key dynamic support.
Now the price is consolidating around EMA99 ($11.049). Meanwhile, the oscillators have reached extreme zones: RSI(6) has dropped to 14.37, and StochRSI has fallen to 0.00. Such strong oversold conditions on the 15-minute timeframe often act as a trigger for a technical rebound or the resumption of a bullish impulse.
🎯 Trading plan: LONG (Main scenario)
Aggressive entry: $11.12 – $11.16 (current levels, anticipating a reaction from the EMA99 zone).
Conservative entry: $11.05 – $11.08 (on a retest of EMA99 and the appearance of a reversal candlestick pattern-model).
Stop-loss: $10.95 (a close below EMA99 and the local support level).
📊 Take-profits:
Target 1: $11.35 (~1.8% – 2.0%) — return to EMA50.
Target 2: $11.51 (~3.2% – 3.5%) — test of EMA21 and the nearest resistance block.
Target 3: $11.75 (~5.3% – 5.6%) — updating the local correction highs.
Did you like the breakdown? Support it with a reaction 👍
