AVAX is looking ripe for a short, with momentum clearly shifting downwards. We've got a solid breakdown below recent structure, setting up a potentially juicy trade.
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🔴 $AVAX SHORT 📉
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📍 Entry Range: $6.6064 – $6.6196
🛑 Stop Loss: $6.8114 (-3.0%)
🎯 TP1: $6.5138 (+1.5%)
🏆 TP2: $6.2824 (+5.0%)
⚡ R/R Ratio: 1:1.7
📊 Confidence: 84%
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The CHoCH, FVG, and OB signals are all firing in sync, which gives this setup some real teeth. The POI confluence is especially compelling, with the OB and FVG overlapping in a way that suggests a strong potential reversal zone. Overall, the market structure break is the icing on the cake here.
A 3.0% stop loss feels about right for this one, and I'd recommend keeping leverage relatively modest to avoid getting blown out if things don't go our way
If we hit TP1, it might be worth taking some profit off the table to lock in some gains and free up some capital for the next play
Not financial advice — always manage your own risk 🙏
#AVAXUSDT $AVAX #SMC #Write2Earn #Binance
━━━━━━━━━━━━━━━━━━━━━
🔴 $AVAX SHORT 📉
━━━━━━━━━━━━━━━━━━━━━
📍 Entry Range: $6.6064 – $6.6196
🛑 Stop Loss: $6.8114 (-3.0%)
🎯 TP1: $6.5138 (+1.5%)
🏆 TP2: $6.2824 (+5.0%)
⚡ R/R Ratio: 1:1.7
📊 Confidence: 84%
━━━━━━━━━━━━━━━━━━━━━
The CHoCH, FVG, and OB signals are all firing in sync, which gives this setup some real teeth. The POI confluence is especially compelling, with the OB and FVG overlapping in a way that suggests a strong potential reversal zone. Overall, the market structure break is the icing on the cake here.
A 3.0% stop loss feels about right for this one, and I'd recommend keeping leverage relatively modest to avoid getting blown out if things don't go our way
If we hit TP1, it might be worth taking some profit off the table to lock in some gains and free up some capital for the next play
Not financial advice — always manage your own risk 🙏
#AVAXUSDT $AVAX #SMC #Write2Earn #Binance