$AVAX: Strong Rejection at Trendline Resistance: $AVAX Short Entry
SHORT SETUP AVAX
Entry: $10.2830 - $10.3280
Stop Loss: $10.7177
Take Profit: $9.4811 (2R)
Key Levels: Support $10.0110 | Resistance $10.9190
Technical Analysis for $AVAX: Short bias dominates as AVAX sits near the 4hour resistance at 10.328. Risk is a break above 10.66; next watch level is 10.011, a key support. SHORT bias targets continuation toward support, with resistance as the invalidation level. The stop loss defines the risk level for this setup. The listed entry and target provide the trade plan.
Market Context: BTC down 0.94% on a bearish 4hour trend, market breadth 76% red, indicating broader downside pressure.
SHORT $AVAX
SHORT SETUP AVAX
Entry: $10.2830 - $10.3280
Stop Loss: $10.7177
Take Profit: $9.4811 (2R)
Key Levels: Support $10.0110 | Resistance $10.9190
Technical Analysis for $AVAX: Short bias dominates as AVAX sits near the 4hour resistance at 10.328. Risk is a break above 10.66; next watch level is 10.011, a key support. SHORT bias targets continuation toward support, with resistance as the invalidation level. The stop loss defines the risk level for this setup. The listed entry and target provide the trade plan.
Market Context: BTC down 0.94% on a bearish 4hour trend, market breadth 76% red, indicating broader downside pressure.
SHORT $AVAX