$AVAX just printed a sharp V-shaped reversal from the 5.681 low after a relentless selloff from 7.079. Bulls stepped in aggressively at support and reclaimed the 6.18 area in one strong impulse move, showing clear demand returning on the 1H chart.
Setup:
• Entry: 6.10 – 6.20
• Target 1: 6.30
• Target 2: 6.53
• Target 3: 6.84
• Stop-loss: 5.88
RSI at 75.76 is firmly in overbought territory, so some short-term cooling wouldn't be surprising. Still, as long as AVAX holds above 6.00, this looks more like a breakout retest than a dead-cat bounce. Bulls have momentum back, and a push toward the next resistance zones is on the table. 🚀📈
Trade #AVAX here
AVAX
6.395
+4.18%