$AVAX Pulls Back to Support After Reclaiming MA99 Long Setup
Pair: $AVAX /USDT
Direction: LONG
Entry Zone: 10.334
Take Profit:
- TP1: 10.468 +1.3%
- TP2: 10.558 +2.2%
- TP3: 10.693 +3.5%
Stop Loss: 10.153
Chart Structure:
- AVAX based out from the initial flush, then climbed steadily through MA7, MA25, and the declining MA99 (purple) a meaningful reclaim, since MA99 had been sloping down for days
- After tagging a local high near 10.6, price has pulled back to entry and is now consolidating right at the MA7/MA25 cluster, with MA99 sitting just below as a secondary support
- RSI(14) ran up to the low-60s on the push through MA99, and has since cooled back into the mid-40s/low-50s a normal pullback in momentum, not a breakdown
- MACD remains positive but the histogram has been shrinking the last several bars, with the most recent bars turning slightly red momentum decelerating into this pullback, similar to the ZEC setup
- This reads as a pullback-to-support long within an improving structure: the MA99 reclaim is the key bullish development, and holding above it here would confirm the base; losing it would weaken the setup considerably
$AVAX
Pair: $AVAX /USDT
Direction: LONG
Entry Zone: 10.334
Take Profit:
- TP1: 10.468 +1.3%
- TP2: 10.558 +2.2%
- TP3: 10.693 +3.5%
Stop Loss: 10.153
Chart Structure:
- AVAX based out from the initial flush, then climbed steadily through MA7, MA25, and the declining MA99 (purple) a meaningful reclaim, since MA99 had been sloping down for days
- After tagging a local high near 10.6, price has pulled back to entry and is now consolidating right at the MA7/MA25 cluster, with MA99 sitting just below as a secondary support
- RSI(14) ran up to the low-60s on the push through MA99, and has since cooled back into the mid-40s/low-50s a normal pullback in momentum, not a breakdown
- MACD remains positive but the histogram has been shrinking the last several bars, with the most recent bars turning slightly red momentum decelerating into this pullback, similar to the ZEC setup
- This reads as a pullback-to-support long within an improving structure: the MA99 reclaim is the key bullish development, and holding above it here would confirm the base; losing it would weaken the setup considerably
$AVAX