The 9.40 level on AVAX is a ticking time bomb, and I'm calling it - we're about to see a sweep of the recent highs and a sharp move downwards. The bearish higher time frame is screaming at us to get short, and with the RSI pushing 90, it's clear that the momentum is all one way.
Technically, we're seeing a textbook OB+FVG Sandwich zone setup, with the smart money clearly distributing at these levels. Volume is subdued at 0.9x, but that's not a concern - the lack of buying pressure is what's key here. Our SMC Score is a respectable 6.3/10, confirming that the bears are in control.
Here are the trade levels:
Entry: 9.3470
TP1: 9.2103 (RR 3.5x)
TP2: 9.0052 (RR 8.8x)
SL: 9.3857
I'm short $AVAXUSDT, and I recommend you do the same - the reward far outweighs the risk. Keep your stops tight and your eyes on the prize - we're targeting 9.2103 for a quick 3.5x return.
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