Positive funding into a downtrend is a trap.
🔴 $AVAX - SHORT
Trade Plan:
Current Price: ~8.604
Entry Zone: 8.450 – 8.750
SL: 9.150
TP1: 8.150
TP2: 7.800
TP3: 7.400
AVAX is trading at 8.604 after a 3.17% decline, and the anomaly is clear: funding remains positive at +0.0062% even as price falls, meaning longs are still paying to hold a losing position — a setup that usually resolves with a long flush, not a squeeze. The current price sits inside the 8.450–8.750 entry zone at the retest of the broken 8.70 shelf, with the MA20 at 8.4357 acting as immediate overhead resistance. The 8.24 lower Bollinger Band is the last near-term support, and a break below it opens the thin liquidity void toward 8.15 and then 7.80. Open interest is not expanding on the bounce, CVD is flat-to-negative, and positive funding is the clearest signal that positioning is crowded long into weakness. RSI is weak but not oversold, leaving room for another leg down. A 4H close above 9.150 invalidates the bearish structure. This is a funding-divergence short with a clean invalidation.
Do you short the 8.750 retest or wait for the 8.24 break?
Click below for trade 👇
DYOR & manage risk!
$AVAX
🔴 $AVAX - SHORT
Trade Plan:
Current Price: ~8.604
Entry Zone: 8.450 – 8.750
SL: 9.150
TP1: 8.150
TP2: 7.800
TP3: 7.400
AVAX is trading at 8.604 after a 3.17% decline, and the anomaly is clear: funding remains positive at +0.0062% even as price falls, meaning longs are still paying to hold a losing position — a setup that usually resolves with a long flush, not a squeeze. The current price sits inside the 8.450–8.750 entry zone at the retest of the broken 8.70 shelf, with the MA20 at 8.4357 acting as immediate overhead resistance. The 8.24 lower Bollinger Band is the last near-term support, and a break below it opens the thin liquidity void toward 8.15 and then 7.80. Open interest is not expanding on the bounce, CVD is flat-to-negative, and positive funding is the clearest signal that positioning is crowded long into weakness. RSI is weak but not oversold, leaving room for another leg down. A 4H close above 9.150 invalidates the bearish structure. This is a funding-divergence short with a clean invalidation.
Do you short the 8.750 retest or wait for the 8.24 break?
Click below for trade 👇
DYOR & manage risk!
$AVAX
