SHORT signal on $AVAX šØ
RSI at 18 = extreme oversold, but price is still bleeding. Thatās not a bounceāthatās a falling knife. 1H structure = lower highs, lower lows. No reversal candle yet.
š Setup:
Entry: 6.3560
SL: 6.4499 (tight, above recent swing)
TP1: 6.1683
TP2: 5.9805
Risk/Reward ā 1:2.5. Momentum favors shorts until we see a reclaim of 6.45.
ā ļø Donāt catch the knifeālet it drop. If RSI stays <20 for 2 more candles, TP2 is likely.
Question: Are you shorting the oversold or waiting for a bounce? š
#AVAX #Binance #CryptoTrading #ShortSignal
RSI at 18 = extreme oversold, but price is still bleeding. Thatās not a bounceāthatās a falling knife. 1H structure = lower highs, lower lows. No reversal candle yet.
š Setup:
Entry: 6.3560
SL: 6.4499 (tight, above recent swing)
TP1: 6.1683
TP2: 5.9805
Risk/Reward ā 1:2.5. Momentum favors shorts until we see a reclaim of 6.45.
ā ļø Donāt catch the knifeālet it drop. If RSI stays <20 for 2 more candles, TP2 is likely.
Question: Are you shorting the oversold or waiting for a bounce? š
#AVAX #Binance #CryptoTrading #ShortSignal