🚀 $AVAX
SHORT SETUP 🚀
AVAX dumped from $11.726 down to $9.757, bounced into a lower high near $10.80, and has since rolled over with a run of red candles under its falling MAs. I’m watching for a short on a push back up into the MA resistance zone, not chasing the current candle. 📉
Entry: $10.430 – $10.520
TP1: $10.250
TP2: $10.050
TP3: $9.850
SL: $10.680
🔻 Why AVAX is on watch:
Price ($10.325) is sitting just above the 7 MA ($10.291) but still well under the 25 MA ($10.425) and the 99 MA ($10.549), with both longer MAs sloping down since the drop from $11.726 The structure shows lower highs since the $11.726 peak, and the recent bounce to about $10.80 failed below the 99 MA, so the recovery looks corrective inside a downtrend The latest candle is a small green bounce on thin volume, which looks more like a relief pullback than real demand coming in The $10.200 to $10.250 area is the first support, with the $9.757 low below it. A 1H close under $10.200 would confirm sellers are taking over
⚠️ Price is already bouncing off the 7 MA, so wait for a rally into the 25 MA zone before entering. A clean 1H close above $10.680 would invalidate the setup. Respect the stop and don’t chase if price doesn’t reach the entry zone.
Not financial advice. DYOR.
🔔 Follow CoinDispatch for more daily trade setups and market updates!
SHORT SETUP 🚀
AVAX dumped from $11.726 down to $9.757, bounced into a lower high near $10.80, and has since rolled over with a run of red candles under its falling MAs. I’m watching for a short on a push back up into the MA resistance zone, not chasing the current candle. 📉
Entry: $10.430 – $10.520
TP1: $10.250
TP2: $10.050
TP3: $9.850
SL: $10.680
🔻 Why AVAX is on watch:
Price ($10.325) is sitting just above the 7 MA ($10.291) but still well under the 25 MA ($10.425) and the 99 MA ($10.549), with both longer MAs sloping down since the drop from $11.726 The structure shows lower highs since the $11.726 peak, and the recent bounce to about $10.80 failed below the 99 MA, so the recovery looks corrective inside a downtrend The latest candle is a small green bounce on thin volume, which looks more like a relief pullback than real demand coming in The $10.200 to $10.250 area is the first support, with the $9.757 low below it. A 1H close under $10.200 would confirm sellers are taking over
⚠️ Price is already bouncing off the 7 MA, so wait for a rally into the 25 MA zone before entering. A clean 1H close above $10.680 would invalidate the setup. Respect the stop and don’t chase if price doesn’t reach the entry zone.
Not financial advice. DYOR.
🔔 Follow CoinDispatch for more daily trade setups and market updates!