🚨 MASSIVE CANDLE SPIKE! $AVAX just surged +4.77% in only 15 minutes, pushing the price to $8.443 as candle volume soared to 23 times the average. With OI down 3.9% while the price rose, this is clearly a short squeeze liquidating short positions, not fresh long inflows. However, the 15M RSI has reached 85 — an extremely overbought level, making the risk of a short-term correction very high. Absolutely do not FOMO into the top right now. Only consider pushing higher if the price closes firmly above the $8.517 resistance; otherwise, wait for a retest of support at $7.821 or $7.773 to stay safe.
Is this a fake-out or a genuine rally?
$AVAX #EmergencyAlert #CryptoAlert
*Disclaimer: This content is for informational purposes only and is not investment advice.*
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🌐 EN: $AVAX spiked +4.77% on 23x volume, likely a short squeeze as OI dropped 3.9%. RSI is overbought at 85; avoid FOMOing now. Watch for a break above $8.517 or a retest of $7.821.
Is this a fake-out or a genuine rally?
$AVAX #EmergencyAlert #CryptoAlert
*Disclaimer: This content is for informational purposes only and is not investment advice.*
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🌐 EN: $AVAX spiked +4.77% on 23x volume, likely a short squeeze as OI dropped 3.9%. RSI is overbought at 85; avoid FOMOing now. Watch for a break above $8.517 or a retest of $7.821.
