Everyone watching the daily range is about to get blindsided by AVAX.
$AVAX /USDT - SHORT
Trade Plan:
Entry: 9.188 – 9.274
SL: 9.764
TP1: 8.831
TP2: 8.564
TP3: 8.164
Why this setup?
Why now? The 4h bias is SHORT with 77% confidence, and the 1h price is stuck at 9.231 inside a tight entry zone between 9.188 and 9.274. The 15m RSI is screaming overbought at 79.68, which often precedes a sharp drop inside a range. The 1h ATR of 0.17093 confirms enough volatility to push the trade from the entry toward the first target at 8.831 and then the second target at 8.564. The daily trend being range-bound means this short is looking for a mean reversion, not a trend continuation. The invalidation level sits at 7.781, and breaching it would wipe out the setup entirely.
Debate:
Are we hitting TP2 at 8.564 or getting trapped by a range breakout?
⚠️ Personal market analysis only. NFA — manage risk and DYOR.
Educational content, not investment advice or a recommendation to buy, sell, deposit, or withdraw any asset. No paid promotion or referral/affiliate links.
$AVAX /USDT - SHORT
Trade Plan:
Entry: 9.188 – 9.274
SL: 9.764
TP1: 8.831
TP2: 8.564
TP3: 8.164
Why this setup?
Why now? The 4h bias is SHORT with 77% confidence, and the 1h price is stuck at 9.231 inside a tight entry zone between 9.188 and 9.274. The 15m RSI is screaming overbought at 79.68, which often precedes a sharp drop inside a range. The 1h ATR of 0.17093 confirms enough volatility to push the trade from the entry toward the first target at 8.831 and then the second target at 8.564. The daily trend being range-bound means this short is looking for a mean reversion, not a trend continuation. The invalidation level sits at 7.781, and breaching it would wipe out the setup entirely.
Debate:
Are we hitting TP2 at 8.564 or getting trapped by a range breakout?
⚠️ Personal market analysis only. NFA — manage risk and DYOR.
Educational content, not investment advice or a recommendation to buy, sell, deposit, or withdraw any asset. No paid promotion or referral/affiliate links.