An 87% move in one day, and the funding rate is telling you shorts are paying through the nose to stay in this.
$AVA ripped from the low 0.15s to a 0.3320 high in a single impulse. That's not a grind, that's a vertical repricing. RSI on both the 4H and daily is pinned above 76. Overbought can stay overbought when the move is this violent.
The volume profile shows the heaviest traded zone way down around 0.1514, meaning most of this move happened on thin air above it. That leaves a gap between 0.2355 and 0.2014 sitting unfilled below — an imbalance the market may want to revisit before any real continuation.
The 4H chart is the one that matters here. The pivot sits right around 0.2904, and that's where price found footing after the pullback from highs. The invalidation zone is the 0.2759 area — lose that on a 4H close and the momentum stalls hard, likely dragging back toward the unfilled gap. The objective if bulls hold is the 0.3166 zone, just under the 24H high. Tap $AVA to pull up the chart and read these levels yourself.
My read: the trend is up, but the risk is asymmetric right now. The easy money was the breakout. Chasing after an 87% candle into a deeply negative funding print is how accounts get chopped. The chart says watch the 0.276 area closely — that's the line between continuation and correction.
Follow me for the follow-up read when this level gets tested. Which zone are you watching more — the unfilled gap below or the 0.316 retest?
⚠️ Not financial advice. DYOR.
#AVA #Crypto #BinanceSquare #Travala
$AVA ripped from the low 0.15s to a 0.3320 high in a single impulse. That's not a grind, that's a vertical repricing. RSI on both the 4H and daily is pinned above 76. Overbought can stay overbought when the move is this violent.
The volume profile shows the heaviest traded zone way down around 0.1514, meaning most of this move happened on thin air above it. That leaves a gap between 0.2355 and 0.2014 sitting unfilled below — an imbalance the market may want to revisit before any real continuation.
The 4H chart is the one that matters here. The pivot sits right around 0.2904, and that's where price found footing after the pullback from highs. The invalidation zone is the 0.2759 area — lose that on a 4H close and the momentum stalls hard, likely dragging back toward the unfilled gap. The objective if bulls hold is the 0.3166 zone, just under the 24H high. Tap $AVA to pull up the chart and read these levels yourself.
My read: the trend is up, but the risk is asymmetric right now. The easy money was the breakout. Chasing after an 87% candle into a deeply negative funding print is how accounts get chopped. The chart says watch the 0.276 area closely — that's the line between continuation and correction.
Follow me for the follow-up read when this level gets tested. Which zone are you watching more — the unfilled gap below or the 0.316 retest?
⚠️ Not financial advice. DYOR.
#AVA #Crypto #BinanceSquare #Travala
