๐ Bearish technical setup for the $AVAX coin, based on a break of short-term momentum and sell pressure:
๐งฑ The order book shows a clear dominance of sell orders, with bid/ask volume of 0.686, supported by a declining RSI and stable neutral live funding rate.
๐ก Proposed trade details:
โข Entry: 11.424
๐ฏ Targets:
- TP1: 11.3097
- TP2: 11.1955
- TP3: 11.0584
๐ก๏ธ Stop loss: 11.5382
โ๏ธ Risk-to-reward ratio (R:R): 2.0
โ ๏ธ Invalidation condition: a candle closing above 11.5382.
โ ๏ธ Trading involves high risk; analysis is for educational purposes only and not financial advice.
$AVAX $BTC
#BinanceSquare #CryptoTrading #TechnicalAnalysis #PriceAction #Futures
โ ๏ธ Manage your capital first. Not investment advice (DYOR).
๐งฑ The order book shows a clear dominance of sell orders, with bid/ask volume of 0.686, supported by a declining RSI and stable neutral live funding rate.
๐ก Proposed trade details:
โข Entry: 11.424
๐ฏ Targets:
- TP1: 11.3097
- TP2: 11.1955
- TP3: 11.0584
๐ก๏ธ Stop loss: 11.5382
โ๏ธ Risk-to-reward ratio (R:R): 2.0
โ ๏ธ Invalidation condition: a candle closing above 11.5382.
โ ๏ธ Trading involves high risk; analysis is for educational purposes only and not financial advice.
$AVAX $BTC
#BinanceSquare #CryptoTrading #TechnicalAnalysis #PriceAction #Futures
โ ๏ธ Manage your capital first. Not investment advice (DYOR).