$AVAX
๐ป $AVAX SHORT SETUP ๐ด Sellers are stepping in โ here's the setup. โก
$AVAX is exhibiting strong bearish momentum after a -3.66% decline, with price action currently pinned near the 24-hour low. The consistent selling pressure and failure to reclaim higher levels suggests that a continuation of the downtrend is likely if support fails.
๐ 24h: -3.66% | Vol: $15,673,095.37
๐ TRADE PLAN
๐น Entry: 9.424
๐ Stop Loss: 9.540
๐ฏ TP1: 9.250
๐ฏ TP2: 9.120
๐ฏ TP3: 9.000
โ๏ธ Risk:Reward (TP1): 1:1.50
๐ Trigger: A confirmed break and candle close below the immediate support level of 9.411.
โ ๏ธ Risk Note: Low-range price action can result in high volatility; manage your position size accordingly.
Ensure that the bearish trend is confirmed on shorter timeframes before executing your entry.
#AVAX #CryptoTrading #MarketAnalysis #BinanceSquare
๐ป $AVAX SHORT SETUP ๐ด Sellers are stepping in โ here's the setup. โก
$AVAX is exhibiting strong bearish momentum after a -3.66% decline, with price action currently pinned near the 24-hour low. The consistent selling pressure and failure to reclaim higher levels suggests that a continuation of the downtrend is likely if support fails.
๐ 24h: -3.66% | Vol: $15,673,095.37
๐ TRADE PLAN
๐น Entry: 9.424
๐ Stop Loss: 9.540
๐ฏ TP1: 9.250
๐ฏ TP2: 9.120
๐ฏ TP3: 9.000
โ๏ธ Risk:Reward (TP1): 1:1.50
๐ Trigger: A confirmed break and candle close below the immediate support level of 9.411.
โ ๏ธ Risk Note: Low-range price action can result in high volatility; manage your position size accordingly.
Ensure that the bearish trend is confirmed on shorter timeframes before executing your entry.
#AVAX #CryptoTrading #MarketAnalysis #BinanceSquare