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【$AVAXUSDT】Watch the Order Book Closely, Track Anomalies
$AVAX During regular intraday fluctuations, buy-side depth is imbalanced, with an extremely thick order wall around 9.50 below, completely exposing the capital support intention. Chasing longs at this level equals losing money. Price is stuck between the 4-hour Bollinger upper band and the 1-hour middle band. MACD shows bearish divergence at the hourly level, but the daily EMA20 provides support. Current price around 9.52, go short directly, place stops above 9.64, first target at 9.41 support zone, if broken look for 9.30 area. Risk-reward ratio is just barely acceptable, but the market lacks clear catalysts. Breakouts after this kind of narrow-range consolidation often come with violent shakeouts.
Check Real-Time Chart 👇 $AVAX
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