$AVAX: WAIT - price sits under the broken 8.40 shelf, no rejection printed yet.
What happened: AVAX held near 8.40 several times, then fell to 8.00. Price now 8.33 sits under it while Bitcoin stays weak near 68,900.
Entry: short at 8.37, only if it touches 8.36-8.42 and the hour candle closes back under it.
Stop loss: 8.52, about 1.8 pct above entry.
Target 1: 8.05, gives 1.7 times the risk.
Target 2: 7.90, gives 2.5 times the risk.
Avoid longs, price sits under broken support and Bitcoin is still falling.
What cancels the idea: an hour candle closes above 8.52. No shelf touch first means skip.
#write2earn #trade #tradesetup
Reply with your coin you want analysis on.
What happened: AVAX held near 8.40 several times, then fell to 8.00. Price now 8.33 sits under it while Bitcoin stays weak near 68,900.
Entry: short at 8.37, only if it touches 8.36-8.42 and the hour candle closes back under it.
Stop loss: 8.52, about 1.8 pct above entry.
Target 1: 8.05, gives 1.7 times the risk.
Target 2: 7.90, gives 2.5 times the risk.
Avoid longs, price sits under broken support and Bitcoin is still falling.
What cancels the idea: an hour candle closes above 8.52. No shelf touch first means skip.
#write2earn #trade #tradesetup
Reply with your coin you want analysis on.
