Quick analysis and trading plan for the AVAXUSDC pair (Sell - Short) #AVAX
• Overall and short-term outlook: The overall trend is bearish on higher timeframes (daily and weekly). In the short term, the price is trading below the Bollinger averages on the 15-minute, hourly, and 4-hour timeframes, with clear selling rejection from the 8.623 high and renewed negative momentum on the MACD.
• Entry: between 8.365 - 8.450
• Targets:
• First target: 8.050
• Second target (main): 7.940
• Stop loss: 8.680 (above the latest rebound high).
Always practice proper capital management. (This is not investment advice).
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• Overall and short-term outlook: The overall trend is bearish on higher timeframes (daily and weekly). In the short term, the price is trading below the Bollinger averages on the 15-minute, hourly, and 4-hour timeframes, with clear selling rejection from the 8.623 high and renewed negative momentum on the MACD.
• Entry: between 8.365 - 8.450
• Targets:
• First target: 8.050
• Second target (main): 7.940
• Stop loss: 8.680 (above the latest rebound high).
Always practice proper capital management. (This is not investment advice).
$BTC $ETH $BNB