AVAXUSDT

Perp

12.92

-2.88%

$AVAX /USDT: The price is below all significant EMAs, and the daily and 4-hour charts are clearly bearish. Now that the 1-hour chart is in perfect alignment with this downturn, momentum is picking up speed. The trigger is set: confirm the start of the next wave of selling pressure by entering a SHORT on a 15-minute RSI rejection below 50. Why take action right now? There is plenty of leeway for the decline to our goals because all timeframes are in sync for a move lower and the 1-hour RSI is weak but not oversold.

Implementable Setup Right Now (SHORT)



Market entry: 13.13839–13.179611



TP1: 13.035337



TP2: 12.994116



TP3: 12.911674



SL: 13.282663