💃AVAX: BTC Divergence Is Not Enough — 1H Bearish Structure Still Controls
$AVAX is down 2.3%, but the bigger question is whether buyers can reclaim the 7.344 structure level.
My 1H bias remains bearish while price stays below the last lower high at 7.344. The 1H structure continues to print lower highs, keeping the bearish setup intact.
AVAX is showing relative strength against BTC, with buyers appearing in taker flow. But this is still a counter-trend signal against the bearish 1H and weekly structure. I would rather wait for confirmation than chase an early long.
SHORT SETUP:
Entry: 7.320–7.344
Trigger: Sweep above 7.344 followed by rejection
Confirmation: 1H rejection wick, bearish engulfing, or lower-timeframe bearish structure shift
Targets:
TP1: 7.266
TP2: 7.243
TP3: 7.176
TP4: 7.118
Invalidation:
A clean 1H close above 7.344 invalidates the bearish setup and shifts my bias bullish.
Flow:
OI: $59.4M (-0.3% 24h)
Funding: +0.0004%
Taker Flow: 1.61x
Thin volume means patience matters here. No blind shorts, no chasing breakdowns — let price confirm the setup first.$AVAX
Not investment advice. Educational purposes only.
#AVAX #Avalanche #CryptoTrading #Altcoins #Binance
$AVAX is down 2.3%, but the bigger question is whether buyers can reclaim the 7.344 structure level.
My 1H bias remains bearish while price stays below the last lower high at 7.344. The 1H structure continues to print lower highs, keeping the bearish setup intact.
AVAX is showing relative strength against BTC, with buyers appearing in taker flow. But this is still a counter-trend signal against the bearish 1H and weekly structure. I would rather wait for confirmation than chase an early long.
SHORT SETUP:
Entry: 7.320–7.344
Trigger: Sweep above 7.344 followed by rejection
Confirmation: 1H rejection wick, bearish engulfing, or lower-timeframe bearish structure shift
Targets:
TP1: 7.266
TP2: 7.243
TP3: 7.176
TP4: 7.118
Invalidation:
A clean 1H close above 7.344 invalidates the bearish setup and shifts my bias bullish.
Flow:
OI: $59.4M (-0.3% 24h)
Funding: +0.0004%
Taker Flow: 1.61x
Thin volume means patience matters here. No blind shorts, no chasing breakdowns — let price confirm the setup first.$AVAX
Not investment advice. Educational purposes only.
#AVAX #Avalanche #CryptoTrading #Altcoins #Binance