$AVAX : The 93 RSI Trap You Shouldn't Chase! | Exact Levels
AVAX is up 10% but technical signals point to exhaustion. The 4H RSI is at 93.2 (Extreme Overbought) , and OI is dropping rapidly, meaning this is likely a short-covering pump.
Trade Plan (Sell zone / Wait for deep pullback):
· đą Long Entry: $7.23 - $7.45 (Wait for reset )
· đŻ Target 1: $8.00
· đŻ Target 2: $8.20 (Major Resistance - 200-day SMA )
· đ Stop Loss: $6.97
đĄ Tip: Real-world assets like the $2.8B RWA stack are bullish long-term , but short-term risk is very high. Avoid FOMO; current key support is also evident in adjacent markets like Ethereumâs $2,549 level and Bitcoinâs $78,000 .
#AVAX #Avalanche #Crypto #Binance
AVAX is up 10% but technical signals point to exhaustion. The 4H RSI is at 93.2 (Extreme Overbought) , and OI is dropping rapidly, meaning this is likely a short-covering pump.
Trade Plan (Sell zone / Wait for deep pullback):
· đą Long Entry: $7.23 - $7.45 (Wait for reset )
· đŻ Target 1: $8.00
· đŻ Target 2: $8.20 (Major Resistance - 200-day SMA )
· đ Stop Loss: $6.97
đĄ Tip: Real-world assets like the $2.8B RWA stack are bullish long-term , but short-term risk is very high. Avoid FOMO; current key support is also evident in adjacent markets like Ethereumâs $2,549 level and Bitcoinâs $78,000 .
#AVAX #Avalanche #Crypto #Binance