Alt-L1 season? More like alt-L1 slaughter season 🔪
NEAR, AVAX, and ADA are all getting crushed today. Let's see which one hurts the most and where the plays are 👇
🔷 NEAR — $4.64 | -8.3%
RSI 4H at 37 — bearish but not yet screaming oversold. Volume picking up 1.28x as sellers push through key support. Still above the 99-day MA at $2.52, so don't call this a reversal yet. The 4H MACD histogram is tightening though — watch for a potential cross.
🔺 AVAX — $10.03 | -11%
RSI 29.6, firmly oversold. The long/short ratio at 2.65 is wild — way too many traders are long and getting squeezed. That's fuel for more downside before any meaningful bounce. Trading well below the 4H and daily SMAs.
🔵 ADA — $0.232 | -9.7%
RSI 29.3, nearly identical to AVAX. Long/short ratio even higher at 2.80 — the crowd is heavily long and underwater. No reversal signals on any timeframe. This is patience-required territory.
📋 Trade Plan (all shorts):
• NEAR → Entry $4.51-4.76 | SL $5.14 | TP1 $4.37 → TP3 $4.06
• AVAX → Entry $9.85-10.20 | SL $10.74 | TP1 $9.55 → TP3 $8.86
• ADA → Entry $0.228-0.235 | SL $0.246 | TP1 $0.221 → TP3 $0.205
Three beaten-down alt-L1s, three short setups with clean levels. Don't try to catch falling knives — wait for price to come to your entries.
Which alt-L1 do you buy the dip on first? 💬
#NEAR #AVAX #ADA
NEAR, AVAX, and ADA are all getting crushed today. Let's see which one hurts the most and where the plays are 👇
🔷 NEAR — $4.64 | -8.3%
RSI 4H at 37 — bearish but not yet screaming oversold. Volume picking up 1.28x as sellers push through key support. Still above the 99-day MA at $2.52, so don't call this a reversal yet. The 4H MACD histogram is tightening though — watch for a potential cross.
🔺 AVAX — $10.03 | -11%
RSI 29.6, firmly oversold. The long/short ratio at 2.65 is wild — way too many traders are long and getting squeezed. That's fuel for more downside before any meaningful bounce. Trading well below the 4H and daily SMAs.
🔵 ADA — $0.232 | -9.7%
RSI 29.3, nearly identical to AVAX. Long/short ratio even higher at 2.80 — the crowd is heavily long and underwater. No reversal signals on any timeframe. This is patience-required territory.
📋 Trade Plan (all shorts):
• NEAR → Entry $4.51-4.76 | SL $5.14 | TP1 $4.37 → TP3 $4.06
• AVAX → Entry $9.85-10.20 | SL $10.74 | TP1 $9.55 → TP3 $8.86
• ADA → Entry $0.228-0.235 | SL $0.246 | TP1 $0.221 → TP3 $0.205
Three beaten-down alt-L1s, three short setups with clean levels. Don't try to catch falling knives — wait for price to come to your entries.
Which alt-L1 do you buy the dip on first? 💬
#NEAR #AVAX #ADA