Anyone else watching $AVAX for a long at 8.25?
I am, carefully. Buyers need to defend 8.25 first.
What backs it:
- 4H price 8.27 below EMA50 8.41 · this is a bounce attempt under the trend, so the stop matters
- 2.2% to the stop, 3.6% to TP3, roughly 1.6R to the last target
- BTC short-term trend bearish, BTC isn't helping, the level has to hold on its own
🟢 LONG · Entry 8.251–8.282 · TP 8.377 / 8.451 / 8.563 · SL 8.081
NFA, DYOR.
I am, carefully. Buyers need to defend 8.25 first.
What backs it:
- 4H price 8.27 below EMA50 8.41 · this is a bounce attempt under the trend, so the stop matters
- 2.2% to the stop, 3.6% to TP3, roughly 1.6R to the last target
- BTC short-term trend bearish, BTC isn't helping, the level has to hold on its own
🟢 LONG · Entry 8.251–8.282 · TP 8.377 / 8.451 / 8.563 · SL 8.081
NFA, DYOR.
