70% of accounts are long. Short $AVAX at 8.32 resistance.
If this level holds, sellers could push down to 8.24. Breaks above 8.43, and the short idea gets invalidated.
Behind it:
- Sellers still have the trend, 4H at 8.31 below the EMA50.
- Daily is below the EMA200 at 8.74, bigger trend favors shorts.
- BTC's bearish trend adds pressure on this setup.
SHORT 8.303–8.323
TP 8.242 / 8.194 / 8.123
SL 8.432
nfa · dyor
If this level holds, sellers could push down to 8.24. Breaks above 8.43, and the short idea gets invalidated.
Behind it:
- Sellers still have the trend, 4H at 8.31 below the EMA50.
- Daily is below the EMA200 at 8.74, bigger trend favors shorts.
- BTC's bearish trend adds pressure on this setup.
SHORT 8.303–8.323
TP 8.242 / 8.194 / 8.123
SL 8.432
nfa · dyor
