$AVAX: Buyers Defend Key Demand Zone: $AVAX Ready for Extension
LONG SETUP AVAX
Entry: $11.0700 - $11.0800
Stop Loss: $10.6800
Take Profit: $11.8650 (2R)
Key Levels: Support $10.9970 | Resistance $11.0720
Technical Analysis for $AVAX: AVAX is trading just above the 1H/4H support zone (~10.997) and sits comfortably over its EMA200, EMA50 and EMA9, indicating bullish momentum. MACD histogram is positive and RSI near 58 supports the upside. Yet stochastic is overbought and the orderbook shows a sellside imbalance, a shortterm pullback. Watch for a break above 11.10 to confirm; a drop below 10.99 would
Market Context: BTC is down 2.2% on the day, with a bearish 4H trend, reflecting a broadly negative market backdrop.
Can $AVAX hold support and challenge resistance? Follow for more data-led market setups.
LONG $AVAX
LONG SETUP AVAX
Entry: $11.0700 - $11.0800
Stop Loss: $10.6800
Take Profit: $11.8650 (2R)
Key Levels: Support $10.9970 | Resistance $11.0720
Technical Analysis for $AVAX: AVAX is trading just above the 1H/4H support zone (~10.997) and sits comfortably over its EMA200, EMA50 and EMA9, indicating bullish momentum. MACD histogram is positive and RSI near 58 supports the upside. Yet stochastic is overbought and the orderbook shows a sellside imbalance, a shortterm pullback. Watch for a break above 11.10 to confirm; a drop below 10.99 would
Market Context: BTC is down 2.2% on the day, with a bearish 4H trend, reflecting a broadly negative market backdrop.
Can $AVAX hold support and challenge resistance? Follow for more data-led market setups.
LONG $AVAX
