At the moment, $AVAX is moving around 9.300 USDT. That leaves the daily change near +2.31%.


For me the real question is whether this is a good place to act at all.
My short-term lean is still bearish.

The first things I would look at here are simple:
First, risk-reward starts fading when price is this extended
Then, the move already feels crowded and vulnerable to a flush
Also, this looks more stretched than strong at the moment

If I trade this, the idea is closer to: failed sweep / rebound trap / support breakdown
Suggested entry: 9.374 USDT
Initial take-profit area: 8.816 USDT
Stop reference: 9.598 USDT
Signal that cancels the setup: 5m reclaims resistance / 15m reclaims the sweep high
Risk/reward: 2.50R

Let price come to you first.
$AVAX
AVAX0,07%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin