📊 AVAX 4H: Higher-Low Pullback LONG Setup
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📈 Trend: AVAX trades 8.66 (+1.1% 24H). Since the Oct 30 flush to 8.00 it has printed higher lows at 8.15, 8.41 and 8.52. The Nov 1 spike to 9.06 was sold, and price now sits right on EMA20 (8.67). EMA50 (8.81) and EMA200 (9.39) are still above, so this is a recovery trade inside a bigger downtrend.
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🧱 Support: 8.53-8.58 / 8.41 / 8.00
🚧 Resistance: 8.81 / 9.06 / 9.16
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🎯 Entry zone: 8.53-8.58 (higher-low area)
🛑 Stop loss: 8.39 (below the Oct 31 low)
✅ TP1: 8.81 (EMA50)
✅ TP2: 9.06 (Nov 1 spike high)
✅ TP3: 9.16 (Oct 28 high)
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⚠️ Risk: A 4H close under 8.41 breaks the higher-low structure. Keep size small and move SL to entry after TP1.
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Not financial advice. DYOR.
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#AVAX #Avalanche #CryptoTrading #TechnicalAnalysis
$AVAX $BTC
⠀
📈 Trend: AVAX trades 8.66 (+1.1% 24H). Since the Oct 30 flush to 8.00 it has printed higher lows at 8.15, 8.41 and 8.52. The Nov 1 spike to 9.06 was sold, and price now sits right on EMA20 (8.67). EMA50 (8.81) and EMA200 (9.39) are still above, so this is a recovery trade inside a bigger downtrend.
⠀
🧱 Support: 8.53-8.58 / 8.41 / 8.00
🚧 Resistance: 8.81 / 9.06 / 9.16
⠀
🎯 Entry zone: 8.53-8.58 (higher-low area)
🛑 Stop loss: 8.39 (below the Oct 31 low)
✅ TP1: 8.81 (EMA50)
✅ TP2: 9.06 (Nov 1 spike high)
✅ TP3: 9.16 (Oct 28 high)
⠀
⚠️ Risk: A 4H close under 8.41 breaks the higher-low structure. Keep size small and move SL to entry after TP1.
⠀
Not financial advice. DYOR.
⠀
#AVAX #Avalanche #CryptoTrading #TechnicalAnalysis
$AVAX $BTC
