$AVAX: On-Chain Metrics Confirm Strong Whale Accumulation on $AVAX
LONG SETUP AVAX
Entry: $10.9790 - $10.9850
Stop Loss: $10.5500
Take Profit: $11.8460 (2R)
Key Levels: Support $10.9790 | Resistance $11.0400
Technical Analysis for $AVAX: Avax is holding near the 1hour support at 10.979. A strong bidside orderbook imbalance (12% more bids) and a deepoversold stochastic (~15) suggest a possible bounce. However, price sits below the 9EMA/21EMA and MACD is negative, flagging bearish pressure. Watch for a clear break above 11.04 to confirm upside trend.
Market Context: BTC remains bullish on 4hour and daily charts, with price above its 20EMA and 50EMA. Overall crypto market is broadly positive (74%
Can $AVAX hold support and challenge resistance? Follow for more data-led market setups.
LONG $AVAX
LONG SETUP AVAX
Entry: $10.9790 - $10.9850
Stop Loss: $10.5500
Take Profit: $11.8460 (2R)
Key Levels: Support $10.9790 | Resistance $11.0400
Technical Analysis for $AVAX: Avax is holding near the 1hour support at 10.979. A strong bidside orderbook imbalance (12% more bids) and a deepoversold stochastic (~15) suggest a possible bounce. However, price sits below the 9EMA/21EMA and MACD is negative, flagging bearish pressure. Watch for a clear break above 11.04 to confirm upside trend.
Market Context: BTC remains bullish on 4hour and daily charts, with price above its 20EMA and 50EMA. Overall crypto market is broadly positive (74%
Can $AVAX hold support and challenge resistance? Follow for more data-led market setups.
LONG $AVAX
