🔻 $AVAX RSI Just Hit 29 — Here's Why I'm Still Not Buying Yet
Everyone sees the oversold RSI on $AVAX and wants to catch the knife. I get it. But look at the full picture — MACD is at -0.220 with zero signs of curling up.
Every single EMA is above price acting as a wall.
The biggest volume candle was a sell candle.
RSI being oversold means a bounce is close. It doesn't mean the bottom is in. I need to see 5.681 hold AND a reversal candle with rising volume before I touch this.
Trade Plan:
📥 Entry Zone: 5.500 – 5.700 (on confirmed reversal candle only)
— 🎯 Target 1: 6.500
— 🎯 Target 2: 7.079
🛑 Stop Loss: 5.200
DYOR | NFA