📉 $AVAX is bleeding out and not even the news can lift it — I’m selling
Price is 5.4% below the 4h EMA50 ($9.6588) → the broader trend is bearish
15m RSI at 43.1 → no buying strength
OI down 3.3% in 24h ($93.6M) as price falls → longs are unwinding on their own
Positioning: 58.9% long → the crowd is still buying the dip
±2% order book: $4.60M vs. $4.83M → more supply than demand
News: Van de Poppe sees a retest at $8.30–$8.80; Schwab adds AVAX and RWAs cross $3B
Blockchair: hashrate 1118.1 EH/s → the foundation remains strong
The takeaway: with the 4h EMA50 weighing 5.4% above and longs unwinding, every bounce into that zone is a sell, not a buy.
📊 SIGNAL — SHORT
📍 Current price: $9.138
🎯 Zone: $9.138–$9.1955 (dist. 0.0%)
Enter with limit orders in two parts:
50% at $9.138 · 50% at $9.1955 (average $9.1668)
🛑 Stop: $9.23 (+0.7% from the average), confirmed BEFORE entering
Risk per trade: 2% of capital
While you wait, funding pays the short side.
✅ TP1: $8.977 (24h low) — take profit on half and let the rest run with zero risk
🏁 TP2: $8.8764 (1.272 extension) — the downside projection if the 24h low breaks
R/R: 1:3.0 · 1:4.6
⏳ Valid for: the next 6h — if a 15m candle closes above $9.23, the plan is off
A level that has already spoken: that band saw 45 touches from 15m candles in 24h, and each approach ends in rejection.
Save this: the zone is right next to the price, and this one hinges on the day's low.
Will AVAX lose $9 and keep going, or will the bounce bring it back into the zone?
Vote in the comments — live price here 👇 AVAX
AVAX #Avalanche #Layer1 #Trading
This is a plan, not financial advice.
Price is 5.4% below the 4h EMA50 ($9.6588) → the broader trend is bearish
15m RSI at 43.1 → no buying strength
OI down 3.3% in 24h ($93.6M) as price falls → longs are unwinding on their own
Positioning: 58.9% long → the crowd is still buying the dip
±2% order book: $4.60M vs. $4.83M → more supply than demand
News: Van de Poppe sees a retest at $8.30–$8.80; Schwab adds AVAX and RWAs cross $3B
Blockchair: hashrate 1118.1 EH/s → the foundation remains strong
The takeaway: with the 4h EMA50 weighing 5.4% above and longs unwinding, every bounce into that zone is a sell, not a buy.
📊 SIGNAL — SHORT
📍 Current price: $9.138
🎯 Zone: $9.138–$9.1955 (dist. 0.0%)
Enter with limit orders in two parts:
50% at $9.138 · 50% at $9.1955 (average $9.1668)
🛑 Stop: $9.23 (+0.7% from the average), confirmed BEFORE entering
Risk per trade: 2% of capital
While you wait, funding pays the short side.
✅ TP1: $8.977 (24h low) — take profit on half and let the rest run with zero risk
🏁 TP2: $8.8764 (1.272 extension) — the downside projection if the 24h low breaks
R/R: 1:3.0 · 1:4.6
⏳ Valid for: the next 6h — if a 15m candle closes above $9.23, the plan is off
A level that has already spoken: that band saw 45 touches from 15m candles in 24h, and each approach ends in rejection.
Save this: the zone is right next to the price, and this one hinges on the day's low.
Will AVAX lose $9 and keep going, or will the bounce bring it back into the zone?
Vote in the comments — live price here 👇 AVAX
AVAX #Avalanche #Layer1 #Trading
This is a plan, not financial advice.